What time Eastern Standard are the first four teams obligated to post their initial FA offers on Monday morning?
What does the bids must be settled by midnight rule (again, presumably Eastern Standard) mean if there is a 24 hour window from the last bid on a player before he becomes signed? Doesn't that deadline shift from player to player depending on the timing of the winning bid, rather than happening at midnight every day for all?
Any time after 10am est on Monday is fine, but remember that there is an advantage to being the first team to offer a player a contract as the second bidder needs to beat the offer on years, money, or both.
You can ignore the midnight rule since the 24 hour window replaces it.
sociophil