Give Me The Rock

this is fantasy basketball 

Auction Leagues and Why You Need to Try One

Author Icon for Patrick

Categorized as: Author: Patrick, Diatribes
Posted on: August 29th, 2010

I’m not sure what percentage of fantasy basketball leagues use the traditional serpentine “draft” as their way to select players, but based on my experiences I’d put it at around 99%. And that’s a shame because auctions need more love. A lot more love.

If you have no idea what a fantasy auction is; it basically works like any other type of auction. You get a set amount of money (which may or may not be related to some buy in amount to get into the league, shhh), say $100 or $200, and you use that money to bid on players in monetary increments (usually $1). One person starts the auction by selecting a player to bid on and teams take turns either placing a bid on a player or removing their team from the bidding. The team with the highest bid (the last team standing) gets the player. Things continue player by player until you are either out of money or have a full team.

Now I love drafts. I will mock draft anytime, anywhere. fbasketballBlog set up a mock draft recently that I participated in while ignoring my crying one month old child behind me.* And yet, I feel that auction leagues are better than drafts in every conceivable way (except for one). Why?

Fun. You know what isn’t fun? Drafting a player and then waiting 15 minutes for the draft to get back to your spot. Also not fun? Getting slotted in a draft position that sucks. On the other hand, fun is having a new player to bid on every minute and having to quickly decide if he fits in with your team. Fun is having 5 seconds to decide whether you’re going to bid $76 dollars on Kevin Durant and blow half your load 5 minutes into the auction, or let that douche you hate get him for $75.

Total control over the team you build. There are certainly some draft strategies that you can use to mold your team in certain ways (like going big or small) but you never really have complete control over a team because teams do not get the opportunity to draft every player. You make a pick and then watch players come off the board until it’s your turn again. Auctions allow you to go after and get any player you want… for the right price. If you want to build your fantasy team like this year’s Miami Heat, you can probably do it in an auction.

The Money Game. Not only are you building a team during an auction, but you also have to make a decision on how you are going to use your money. Going to spend it all on a few great players (known as the stars and scrubs method)? Looking for value? Hording your money until the end to pick up good players on the cheap? It’s a game within a game. Just don’t break the cardinal rule of auctions – leaving money on the table – because it’s not like you can walk away with it at the end.

The Drama. No draft can create the kind of tension of an auction bidding war. Seeing two owners going after the same guy in an auction is great to watch as a spectator. However, as a participant it more often than not involves swearing as well as threats of physical harm.

***

Up until recently, there have been two distinct disadvantages of auctions: 1) they take longer than drafts from start to finish and, 2) they are complex to conduct.

The time commitment isn’t going to change. With all the bidding going on, auctions just take a long time to get through. Most of the ones I’ve done have been in the 2-4 hour range, which can be a pretty significant time commitment (especially if you’ve got a child crying behind you the entire time).

The good news is that auctions are getting easier and easier to run. There was a time – not long ago – when auctions required the entire league to physically together in a room (usually you had to walk uphill both ways in a snowstorm with no shoes to get there). Then came third party auction software and other types of online tools. But now we’ve reached the next level. Last year, ESPN added auction capability to their fantasy basketball leagues and this year, Yahoo is doing the same. So now the two big boys in the industry give leagues the ability to conduct auctions instead of drafts. I tried ESPN’s auction software last year and it is slick. Given Yahoo’s track record, their auction software should be easy to use as well.

If you’ve read this far, then you already know my recommendation. Give auction leagues a try this year. Chances are you won’t look back.

***

*Not true. My wife made me leave.

Other Stuff Like This:

Tags:

  • Anonymous
  • http://www.fbasketballblog.com/ Jason

    I, for one, am very excited to try my first auction draft this fall. Reading this post makes me even more intrigued. I wonder if you have any personal guidelines regarding what percentage of your budget to spend on the first pick, second pick, etc.?

  • amit

    is there a GMTR leauge this year?
    i’ve participated in such league 2 or 3 years ago.. it was pretty cool..
    would love to take part again.

    amit

  • http://www.weaksidehelp.com Henry

    My auction virginity is 100% intact. Good news about the software changes. I’m excited.

  • http://www.fantasybaseballdugout.com Jonathan Bentz

    Auction leagues definitely have caught my attention over the last couple years, but like you said… most people don’t do them. So, I would say it’s a great option if the people in your league are experienced. If not, though, stick with the snake.

    That’s what she said.

  • http://givemetherock.com/ Patrick

    There will be 4 GMTR leagues this year :)

    Details coming shortly.

  • Pingback: Give Me The Rock » Blog Archive » To Mock, or Not To Mock: 5 Reasons you should

  • http://givemetherock.com/ Erik

    Scott Pianowski from Roto Arcade has some tips for auction drafts. http://tinyurl.com/27v7na6

  • http://givemetherock.com/ Patrick

    Like most good questions, the answer really is “it depends”. The league makeup, team size, league rules, and how the auction progresses all affect how much a player is worth at any point in time during an auction.

    But if you’ll allow me to geek out for a minute…

    Let’s assume a 12 team league that starts 10 players and has 3 bench spots. Teams have a total of $200 to spend on players. So, a total of 120 players will be selected as starters with an additional 36 bench players. Now in my experience, it’s a good idea to have a few dollars left over for your bench, but for the most part you want to use most of your money on your starters. So, we’ll set aside $10 for our bench, leaving us $190 for starters. That works out to $190 / 10 = $19 per starter.

    Now, if you plotted player value from just about any player rater on a line graph, you’d see that it’s not linear. The LeBrons and Durants are way at the top, followed by a pretty swift drop off through the first round and into the second and third before things even out. Therefore, your “average” starter isn’t quite at the mid-point of players 1 – 120 (which would be #60), but more in the 50-55ish range. So, we’ll assign the player who is ranked #55 a value of $19. He is Mr. Average Starter. And that means a 5th round equivalent player is worth about $18 – $20 in this league, or if you want to get crazy, he’s worth: ([total auction amount] – [money for bench]) / [# of starters].

    Now here is really where you’ll have to take a leap of faith. Based on some research I’ve done, I’ve found that LeBron/Durant are about 3 – 4 times more valuable than your league average starter (depending on the league) in terms of the value they bring to a team. Therefore, those guys would be worth about $60-75 in a league with a $200 cap. The smaller the league, the more they are worth because fewer guys are going to be drafted. Value then drops off pretty fast, so that end of the first round players are worth about $40 and end of the second round players are worth about $30. At that point, value becomes pretty linear and progresses downward through Mr. League Average to the $1 players (the free agents) in a fairly straight line.

    Therefore, here is what “logic” would say player worth is:

    Best player(s) in the league: 30-35% of total budget
    Mid-first round: 25%
    End first round: 20%
    Second: 14-18%
    Third: 12-14%
    Forth – Sixth: 6%-11% (per pick)
    Seven or more: less than 5% (per pick)
    Bench: 0-10% (based on personal preference)

  • Pingback: My very first fantasy basketball mock auction draft* | fBasketballBlog

  • Ahwur

    i would be thrilled to join an auction draft GMTR league..

  • http://www.fbasketballblog.com/ Jason

    Just saw this now but man, this is awesome. Thanks for the post-worthy comment. (Seriously, I think you should totally geek out and make a post about this.) I’ll be sure to refer to this in my auction draft(s) this fall!