Just rules again -
Eligible Players
1. Born on or after 01.01.1975
2. Have played at least one T20I.
Team Rules
1. Minimum of 12 players and maximum of 15 players in the squad.
2. Must have minimum of 6 nationalities represented in starting 11.
3. When you bid for reinforcements, you will need to discard players if the squad size exceeds 15 at any time.
4. No player trading is allowed.
Auction Rules
1. Total budget for the team is 300m.
2. Base price for every player= 10m
3. At no point can the total price bidded for players should exceed 300m. If that occurs, it will lead to voiding of several bids and a penalty of 10m.
4. Each player can nominate a maximum of 15 players to the auction board. So for 8 teams, a total of 105+20(initial 20 addition by game Mod, 15 X 7 others) players will go for sale.
5. At any time, the number of players on auction board can not exceed 20.
6. A player will be deemed sold if no rival bid is placed on him for 12 hours.
7. Minimum increment of a bid has to be 2m within the first 4 hours of the last bid, 5m for the next 6 hours and 10m in the last 2 hours.
8. All timestamps on auction board must be of GMT time.
9. Any money saved from 300m wil carry forward for reinforcement rounds. Another 50m will be given for subsequent reinforcement rounds. Minimum price of a player in first reinforcement round will be 20m. Second will be 30m.
Auction board would something like this -
Kohli - KM, 15m, 04.00
Gayle - Crappy, 10m, 08.00
ABD - MJJ, 20m, 13.00
So now if Samid comes in at let's say 15.00 GMT and wants to bid on all 3 players. For Gayle minimum increment has to be 5m since it is 7 hours since the last bid, for Kohli it has to be 10m since it has been 11 hours since last bid and we are in last 2 hours of his bid closure and for ABD it will be 2 m since it is within 4 hours of last bid.
So if he bids on all 3 it will be -
Kohli - Samid, 25m, 15.00
Gayle - Samid, 15m, 15.00
ABD - Samid, 22m, 15.00
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In case of any dispute, game runner will have the final say