[Koko Ed]

So the basic premise would be every player gets $100 credit to pick three teams. Max bid allowed is $98 (you have to have at least $1 to submit a bid). When your turn is up you submit the team you want and the opening bid (from $1 to $98). For the next five minutes other members can apply bids for that team. If One member puts up $98 they win the bid (but they will only have $2 to play with for the rest of the draft). When the five minutes are up the highest bid wins the team. Real simple.