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Rules
Article I. Roster sizes and salary cap
A team's roster consists of the following starting players:
4 outfielders
1 catcher
1 second baseman
1 shortstop
1 first baseman
1 third baseman
1 utility player
5 starting pitchers 2 relief pitchers
Besides these 17 players, you will be allowed to have 6 bench players which can be any position. Also, there will be 2 rosters spots for injured reserve players. The salary cap your team must remain under is 260. You are allowed to have up to 6 people on the inactive list which will be your farm system. On September 1st when the Major league rosters expand so will this league. Each manager will have an extra utility spot on their roster that cannot be occupied until September 1st. This will be monitored by the commissioner and other managers. If a person is caught using the extra spot before the call up date the points that they acquired will be deducted and if the player gets negative points those will count.
Article II. Drafting
First Year
Drafting will start with a randomly selected order. The order will determine only the order of which the players go up for auction. After choosing a player to be auctioned, you select a starting price, and the bidding continues until the price reaches a price where no other bids are being made, then the player is sold to the highest bidder.
Other Years
Free agents will be according to which players were not kept from previous years whose contracts are up and the draft order will be determined by the previous years finish. The player who finishes last will have the first pick etc�
Amateur Draft
A separate draft for the prospects will occur before the season begins. This draft will not be an auction type but rather a normal random drawing for picks that does not backtrack.
Article III. Contracts and Free Agency
Managers are allowed to keep 4 Major League players and also up to 3 players in their farm system. A player that is kept his contract will increase by 10 percent for the next year and all decimals will be rounded up no matter what. Example, a manager is paying Jason Tyner 40 dollars a year and they would like to keep him for the next season. If they chose to do so his contract will be 44 dollars. Exceptions to this rule are if you have kept a player for 4 years and his contract is under 20 the players contract automatically gets bumped up to 20 and will increase by 20 percent each year. Contracts will round up to the nearest dollar if the 10% increase comes out to be .5 or higher otherwise they will round down to the nearest dollar. Once a year, we will hold draft day. All the players who are not kept from previous years are up for the auction along with other newcomers such as Japanese players. During this time, teams must remain at or below the salary cap.
Article IV. Adding/Dropping Players
Adding and dropping players will work a lot like other leagues, only you must remain under the salary cap. There will be a maximum of 15 transactions and there will not be any transactions allowed after the trading deadline. All rosters will be locked during this time period. Once you reach 15 transactions, your team will also be locked from making transactions. Free agents will be worth what the lowest paid player is at their position.
Article V. Farm Systems
Each team will create their own farm system containing 4 players. You may trade or sell the rights to players in your farm system but can have no more than 6 farmhands and no manager may go over the salary cap to buy the rights of farm hands. Once these players reach the Major Leagues and you would like to use them they must be swapped withsomeone on your active roster and the farmhand�s salary will be the same value as the average free agent salary rounded to the nearest dollar. You do not have to immediately call a player up once he is called up in real life, you may call him up at any point during that season. You will be allowed to keep all or none of your farm team and after each season a new draft will be held. Farm Systems can include anyone not currently on an opening day Major League roster.
Article VI. Trades
All trades must keep both teams under the salary cap and farm hand regulations.
Article VII. Buy Outs
If a manager chooses to buy out one of their players for the remainder of their contract the buy out money will be contributed to the prize pool. They will also need to provide new money to compensate for the money that they paid to buy out that player.
Article VIII. Payouts
Each manager will contribute 30 dollars to the prize pool each year and that money will be divided up along with the money from any buy outs that should occur during the season accordingly: 40% to the winner, 20% to second place, 10% to third and 7.5% to the winner of each quarter.
This is the constitution that the league will abide by all other rules will be governed by Yahoo. This constitution can be amended if need be. Amendments will be suggested and than seconded. Once another manager moves to second the amendment to the constitution, a vote will be held and the majority rule will take into effect.
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