Rules for trading Player Assets for Future Draft Dollars

Hi Owners -

Thanks to the 5 or 6 folks who helped craft some language surrounding the recently-passed league rule allowing owners to trade for/away the following year's draft budget dollars. 

For your review, please note the confirmed language surrounding the rule below: Trade Confirmation: Both owners must confirm future draft dollars are being traded via email to the commissioner.  

League Review: Both parties must notify league commissioner of the accepted trade. Subsequently, regardless of players or draft dollars being included, the commissioner will send a league-wide email highlighting the deal, and traditional league veto powers are followed via email to the commissioner (24 hour review plus 10-vote veto needed).

Commitment: Both owners in the trade are automatically confirming their participation in the following season.

League Financial Rewards: Any seller who wins money in the league will first be paying the following season’s league dues before receiving any prize money. Meaning if they won the championship, the commissioner would withhold $100 of the $800 to ensure that owner’s dues are paid the following season.

Additional Measures Having said that, the rules above are pretty straight forward to encourage fairness, but my conversations expanded beyond that to include a few additional pieces, all of which are below. While i could argue that I could establish those rules as commissioner at my own discretion, I felt it'd be better to allow league owners to review and vote on incorporating them for 2018. That said, take a look and fill out the attached survey (have you noticed that i love google surveys???).  https://docs.google.com/forms/d/e/1FAIpQLSeQKrcQ5iM_8qBgcMq-Gowo5El2Xe-HVROShLKAWG4a-tEb6Q/viewform?usp=sf_link

I don't want to overstep boundaries, and my fellow owners encouraged allowing a vote, answer at your leisure and let me know if you have any questions. Measures:

Tax: For every $5 traded, the first $1 will be delivered to a league tax account. Meaning, if an owner agrees to sell to a recipients $5 in future draft dollars, $1 of that $5 total will be removed from the auction draft (recipient pays). The first dollar of every $5 is taxed. For example, a $2 tax would be imposed on a final trade of $6 or $10.

• Rationale - Ensures balance in trades so that participants will more thoughtfully consider impact of such trades on fellow owners.

Creation of Losers Bracket Tax Benefit: All tax dollars collected into the bank throughout the season will be awarded to the winner of the Consolation Ladder Losers Bracket, specifically Game C7 of Round 3, for the following year’s auction draft.

• Rationale - An opportunity to encourage non-playoff teams to remain interested in the league. (Note: if the tax measure fails, this one is automatically disqualified).

Caps: Sellers are capped at trading no more than $75 of future draft dollars per season.

• Rationale - Ensures an owner doesn't spend an entire budget for the following season, win the championship, and leave.