[quote:0bfb0bd244="litangel"]This sounds good and I have a couple of suggestions:
First - possible 28 Players - Yes
Second - DH? - Strong Yes
How about making qualification for the open auction really simple, any manager within 10% of the top bid is in. I like the proviso that if either there are 11 passes, or there is no one within 10%, the player is simply awarded.
I suggest that the minimum raise be .10 all the time in previous open auctions done on the board, bids went by tenths, not hundreths, and so .10 was the minimum bid. With the .05 raise, it could take 20 bids to go up a million!
I also think that choosing when we move from open-closed to pure closed based on when one owner reaches a certain point is too arbitrary. I also think some significant close bids come medium-late in the auction. My first choice would be to switch once 200 players have been proposed (2/3 of the way through) My second choice would be once 3 managers have their 20th player.[/quote:0bfb0bd244]
I like your suggestion of $.10 minimum raise and have edited the above to reflect that.
You are right that the 20 player idea was arbitrary, but I was thinking an arbitrary starting point needed to be picked. My preference would be to stop about 50-60% of the way through, but 200 players would be okay if others agree.
I did modify the inclusion criteria for the open auction as suggested by Steve (carr20), again we can modify it further if there is concensus, but I do think that there should be a bigger benefit to putting in a high bid (for example if I bid $30 million on Pujols, and the next higest bidder bids $27.1 I would feel cheated that I had to bid against that other manager after committing so much salary to one guy). My thought was to include only bidders who were very close.
Thanks, and keep those suggestions coming.
:)