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<P CLASS="b016b6ab-56f2-4681-aaca-43dde47f55fd"><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Kerbs/others:<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> First, Kerbs, thanks for the education on the Vickrey bidding. I did read the attached link (which actually says in a Vickrey auction the winner pays the amount of the second highest bid, not some amount more than the second highest bid, and that Ebay is similar to, but not identical to Vickrey). But impressive that you were aware of that, and given my ignorance, you now understand why I thought it was curious.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> Second, I do get a one dollar break. I consider it payment for all of my work during the year, and it works out to about a nickel per hour, same as my Sidley billing rate.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> Third, anyone can call me with questions (even Andy, who remains on his ridiculous Wieters Vendetta, the USML equivalent of trying to make sure the Royals don’t win the World Series).<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> Fourth, as for John F’s Q about the roster moves people made before the rosters were submitted, if those stick, so be it (I won’t be un-doing them), but if not, they will just be ignored.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'> -- Mark B.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal style='margin-left:.5in'><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> announce-bounces@usml.net [mailto:announce-bounces@usml.net] <b>On Behalf Of </b>springkerb@aol.com<br><b>Sent:</b> Thursday, March 29, 2012 6:57 AM<br><b>To:</b> announce@usml.net<br><b>Subject:</b> Re: [USML Announce] USML - Rosters/FAAB update<o:p></o:p></span></p></div><p class=MsoNormal style='margin-left:.5in'><o:p> </o:p></p><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>1. There's nothing "curious" about calling the system "Vickrey bidding." It's named after its inventor, William Vickrey, and economist who sought to devise an auction bidding system that would produce prices that represented the true value of the items sold to their buyers. (What, you thought eBay invented it?) You can read about it here: <a href="http://en.wikipedia.org/wiki/Vickrey_auction"><span style='color:windowtext'>http://en.wikipedia.org/wiki/Vickrey_auction</span></a>. And when you've finished, we'll ask Rich to explain the equations.<br><br>2. It sounds to me as if Blocker's getting off a dollar light.<br><br>3. How come only Adams gets to call you for an explanation? (The youngest one always gets spoiled.)<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></div><div><p class=MsoNormal style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>-----Original Message-----<br>From: Mark Blocker <<a href="mailto:mbblocker@aol.com"><span style='color:windowtext'>mbblocker@aol.com</span></a>><br>To: 'USML Announcements' <<a href="mailto:announce@usml.net"><span style='color:windowtext'>announce@usml.net</span></a>><br>Sent: Wed, Mar 28, 2012 10:49 pm<br>Subject: [USML Announce] USML - Rosters/FAAB update<o:p></o:p></span></p><div id="AOLMsgPart_2_2b97abbc-1649-4fb3-ad4a-e5455215ce2e"><div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>League:<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> Various items.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> 1. Based on the email traffic today, it looks like there is a consensus to (a) count the Japan games, and (b) have both FAAB bidding and roster adjustments occur for the first time this weekend. I have adjusted all of our league settings appropriately.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> 2. The league is usually not operational until rosters are “submitted” on the system. I have now submitted the rosters, so everyone should be able to adjust their rosters accordingly (activate/reserve/change positions) starting now. Some owners noted in emails today that their roster moves were “rejected” and that should not happen going forward. As a reminder, the deadline to submit any roster moves is noon central on each Sunday.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> 3. FAAB: Some reminders about submitting FAAB moves.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> A. Deadline: The deadline to submit FAAB moves is midnight on each Saturday night. The FAAB system process moves and award the players within an hour or two. You should see the results by no later than 5 am Sunday.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> B. Adjustments: If your FAAB bid is successful, you have from 5 am to noon central time on Sunday to adjust your roster. Please do not email adjustments to me unless you will be a on a remote island without internet access (or similar exigent circumstances).<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> C. How do I do I enter FAAB bids?: Please re-familiarize yourself with the entry of FAAB moves well in advance of Saturday midnight. Dennis, please feel free to call me and I will walk you through the process if you have any questions.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> D. Contingencies: As in years past, you can make contingent bids, but you are responsible for setting up your bids accordingly.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div style='margin-left:1.0in'><p class=MsoNormal style='margin-left:.5in;text-indent:-.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>E. Ties: After this week, if two owners bid the same amount for a free agent, the player is awarded to the team lower in the standings. However, for this week only, ties will be broken by the system randomly, and the system alone determines the winner (i.e., I have no input into the randomization).<o:p></o:p></span></p></div><div style='margin-left:1.0in'><p class=MsoNormal style='margin-left:.5in;text-indent:-.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div style='margin-left:1.0in'><p class=MsoNormal style='margin-left:.5in;text-indent:-.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>F. Salary: We determine the salary of an acquired player by using “Ebay-style bidding,” which means the salary is one unit more than the second highest bid. Curiously, onroto refers to this system as “Vickrey bidding” (capitalization as shown), and is equipped to handle this system.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> 4. Note to Jeff W: I have now paid for our league ($99), as I said I would after the draft. Along with the $10 I handed to you after the draft, my league fee has now been paid in this fashion.<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> Please let me know if you have any questions. I will try to answer them as rapidly as possible. <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'> -- Mark B.<o:p></o:p></span></p></div></div></div><div id="AOLMsgPart_3_2b97abbc-1649-4fb3-ad4a-e5455215ce2e"><pre style='margin-left:.5in;background:white'><tt><span style='color:black'>_______________________________________________<o:p></o:p></span></tt></pre><pre style='margin-left:.5in;background:white'><tt><span style='color:black'>announce mailing list<o:p></o:p></span></tt></pre><pre style='margin-left:.5in;background:white'><tt><span style='color:black'><a href="mailto:announce@usml.net"><u><span style='color:blue'>announce@usml.net</span></u></a><o:p></o:p></span></tt></pre><pre style='margin-left:.5in;background:white'><tt><span style='color:black'><a href="http://lists.usml.net/mailman/listinfo/announce" target="_blank"><u><span style='color:blue'>http://lists.usml.net/mailman/listinfo/announce</span></u></a><o:p></o:p></span></tt></pre></div></div></div></P>
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