The transfer list works as a simple, first-price auction. That is, whatever value you enter as your bid, that's what you'll pay if you win the auction. Be mindful of your available funds when bidding; once you bid on a player, those funds are deducted from your available balance for as long as you are the high bidder, even though you might not end up winning the auction. The bank doesn't want you defaulting on your bid, so you can't use that money for other purposes. But don't worry - if someone else outbids you, you'll get your money back immediately.
If you read this section of the rules, I don't see how you could fail to understand that once you bid on a player, your money is gone unless someone else outbids you.
I did the same thing when I was a noob -- bid $150,000 on a guy who wasn't really worth it, regretted it, sold him later for a $50K loss, and drafted the guy who now tears up opponents nightly for me. No backsies. If you don't want to be the Isaiah Thomas of BuzzerBeater, don't make decisions without thinking first.
Last edited by crimedevil at 5/24/2009 11:29:53 AM