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.
Other sports sims make an auction system work while allowing cancellation of bids without it affecting anything negatively. You can look at it that way too Kozlodoev.There's a difference between real life and a game Kukoc. If you don't realize that then it could be a problem for you.
I did notice there's a confirmation message that gives you a second chance when you fire a player. Why can't there be something like that for bids? It doesn't have to be a button, just a warning message before the bid gets processed that says your bid will be final unless you get outbid.
I'm getting a kick out of the analogies though. One person compares it to a real life auction, another says it's not Monopoly. It's not like a real life auction because it's a game