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What is FAAB and how does that work?

faab
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What is FAAB and how does that work?

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FAAB stands for Free Agent Allocation Budget and each team has an imaginary $1,000 to acquire players during the regular season. If, for instance, Pedro Alvarez gets called up to the big leagues after spring training and he’s still a free agent in your league, each league owner would have the chance to bid for his services. In a blind bidding process, Team A may bid $2 for him, Team B $30 and Team C $50. Each Sunday night, you will see which team acquired that player in the blind bidding and that player can then be added to that team’s roster as long as an active or reserve player is cut. Teams will have to ration their $1,000 FAAB for the 26 weeks of the regular season.

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