12 Team Dynasty League - One Opening

[JookyDalTx]

This is a new Salary Cap/Contracts money league (no IDP).

Online Live Auction draft starts on August 28th at 7:30pm CST

Links to scoring and bylaws at bottom.

LEAGUE YEAR

A league year runs from June 1st through May 31st. During the league year there are two periods. The league season runs from June 1st through the day of the superbowl. The league off season from the day after the superbowl through May 31st.

LEAGUE FEES

League fees are $60 per year and will be managed through http://www.leaguesafe.com. To promote continuity owners are required to pay 50% of the league fees for the next year each year. So the fee structure will be $90 for the first year and $60 for each subsequent year.

In the event an owner abandons or decides not to renew his franchise by the start of the league year the prepaid league fees will be forfeit. The forfeited fees will be used to offer discounts to prospective new owners or added to the prize pool for the league year in which league fees were forfeited. At no time can a prospective new owner be offered more than one year league fees as an incentive to join the league.

An owner who has been with the league at least 3 years will be eligible to receive a refund of their pre-paid league fees provided they give notice to the league that they are withdrawing prior to the start of the new league season. Owners may transfer their team to a new owner at any time provided MyFantasyLeague.com website allows franchise information to be changed and new owner pre-pays all league fees that are due. All league fees must be paid by May 31st of the season year.

PRIZES

Prizes will be awarded for 1st, 2nd, and 3rd place using a 50/30/20 percent split of funds remaining after paying for league hosting. Any rounding will favor the higher place. For example the first year entry fees of $720 will be distributed as follows:

MyFantasyLeague website hosting: $45.00

First Place: $338

Second Place: $203

Third Place: $134

Prizes will be distributed within two weeks of the day the prize funds become available from leaguesafe.

SCORING DISPUTES or DISCREPANCIES

For any scoring disputes, MyFantasyleague.com statistics will be considered the official statistics for this league. In short, whatever MFL records as final stats for players will be official.

DRAFT

All drafts will be held using a live online auction format. The winning bid determines the yearly salary for the drafted player. Each year the draft pool will consist of free agents and rookies. Each drafted player must be signed to a minimum 1 year contract.

WAIVERS

After the draft and through the first week of the season waiver pickups will be on a first come first served basis. During the rest of the season there will be two waiver periods. The first period will be from the last game of the previous week (Tuesday at 1:00am) until Thursday Midnight. During this period owners will be able to bid on any players they would like to pick up. The second period which starts immediately after the first period will be first come first served waiver pickups.

SALARY CAP

Each team will have a $250 salary cap for the season. During the initial draft $220 will be available for bidding on players.

CONTRACTS

Each team will have 50 contract years to divide among its players. A team is not required to use all of it's contract years each season. Once assigned, contract years cannot be changed. Prior to the beginning of each season all players contract years will be decremented by one and any player with 0 years will be placed into the free agent pool and available for draft. A team may place the "franchise" tag on any one player with 0 years remaining on his contract up to one week prior to the start of the draft. That player will receive a one-year contract extension and a salary increase of 20% of his existing salary. A team cannot use the "franchise" tag on a player if they do not have the salary cap space available to pay for the salary increase.

CUTTING A PLAYER UNDER CONTRACT

When a player under contract is cut the team will be charged 25% of the player's salary for the current year against their salary cap. For example if a team cuts a player with a salary of $20, $5 will be charged against the salary cap and $15 will be available to pick up other players.

League Scoring - http://football5.myfantasyleague.com/20 ... 57807&O=09

Bylaws - http://football5.myfantasyleague.com/20 ... 57807&O=26