How to nominate players in your auction draft
The key to winning your fantasy league is to find value in whatever type of draft in which you participate. In a snake-style draft, your goal is to take calculated risks in the middle and late rounds on players who will outplay their draft position. In an auction draft, again, the goal is to purchase players who will produce higher than the price you paid. Unlike in a traditional snake draft, however, you have the opportunity to get values at every position in an auction draft.
first thing that happens in an auction draft is the owners do a random draw. Instead of actually picking players for their
teams with this draw, as is done in a normal draft, the owners use this system
to nominate players to put up for bids at auction.
I am also a proponent of not allowing owners to nominate any more players once they have completed their lineups. Someone with a full roster should not be able to determine another owner’s team, and if they cannot bid the minimum amount, they should not be able to nominate anyone. This can also save time at the end of the auction, and most online auction drafts and software is set up this way.
One of the key complaints I hear about auction drafts is that everyone is not at the same level of fantasy knowledge or auction knowledge, and owners who have not done auctions before will end up with poor teams. An example is owners paying an outrageous amount for a player, and by that I mean a number that no one else would have paid $1 or even $5 less for. This would be someone who really wants Adrian Peterson opening the bidding at $75. AP might have sold for $40 or $50, or in Minnesota maybe $60, but most owners realize that no one player is worth 1/3 of your budget. What is actually worse is when a marginal player that should be selling for $2 sells for $20. While this can create an advantage for the remaining owners, it also puts smart owners in a more defensive position. They will now have to bid more on players they may not really want, in order to keep pricing fair and not allow other owners to steal players. I do think it is wise to make sure every owner in your league has done at least a mock auction to get a feel for how things work. Most owners who do at least one mock will get a good enough feel for what is going on, at least enough to avoid embarrassment, at least not in regards to how they bid. Owners new to auctions can also watch the videos posted on this site to see how an actual auction draft should work. Now, let’s look at some strategies for nominating players.
There are multiple strategies available when nominating players. The first two obvious choices are to:
The tips below will explore which strategy may work best for you, and some subtle nuances you can take advantage of in your auction draft.
NOMINATION TIP 1: Try to determine what your overall strategy for building your team will be. How you want to construct your team will make a difference in who you nominate, and when. There are two basic strategies for building a team at an auction draft. The first approach is known as “Stars and Scrubs” or “Studs and Duds.” This is where you spend 80-90% of your budget on your starting players (Excluding kickers and defenses) and then use the rest to buy your bench players, your kicker and defense. The second is the balanced approach, where you try to spread your budget out over as many good, but not usually great, players as possible. If multiple people are using the first strategy, it should leave many middle tier players available at reasonable prices. I believe when building a team through an auction draft, you need to end up with a roster that, at minimum, has players that would have been taken in every round of a snake-style draft. Now I believe, that you can actually end up with more higher round players if you purchase wisely at your draft auction, but you need to be willing to spend a little more to get a first round, or at least a couple of second round talents on your team.
NOMINATION TIP 2: The very first player, and maybe two, who sells at your auction will probably be slightly undervalued. Most bidders at auctions, including owners at a fantasy player auction, take a few sales to get warmed up to the auction action. Many people don’t want to be the first bidder or buyer at an auction. Part of the reason to wait is to try to determine what the market is going to be for different tiers of players. If all the top running backs in your league sell for $25, no one wants to be the buyer of the first running back who overpaid at $40. However, because more people tend to be cautious at the beginning of an auction and avoid overpaying, the first player or two will most likely end up being a bargain. Now, if your entire league reads this, that would no longer be the case, and if they put up the consensus number one player first, this may not happen. If you have the chance to nominate one of the first two players and can nominate someone in the middle of the top tier of running backs, I think, more often than not, you will get a good deal.
NOMINATION TIP 3: Nominate players you don’t want, especially top-tier players. This is not new advice, but if you are budget-conscious, you need to follow this strategy all the way to its conclusion. First, if you know members of your league like certain players who you think are overrated, injury prone, or on the decline, nominate them early in order to get money out of other owners’ hands. Second, if you think a position like quarterback is deep, keep nominating quarterbacks to drain your fellow owner's resources so you can purchase running backs or wide receivers at a cheaper price. The key is to nominate players that most people think should be on a team. If you are nominating kickers in the first round of your draft, it is a wasted nomination. You need to continue to do this until there are only a couple owners left with money. If you do this correctly, you will never purchase any player you nominate until maybe your last couple of roster spots—and maybe not even then.
NOMINATION TIP 4: Nominate popular players. If you are trying to purchase values at your auction, it is not going to be on players everyone loves. It is difficult to get a deal on any auction item if there are a lot of bidders. Simply put, more bidders equal more competition, which equals higher prices. You want to nominate the more popular players, whether it is because of the previous year’s stats or because they play for your hometown team. This will get other owners to purchase them and leave you with more money to buy the players you really want. You want to purchase players with as little as competition as possible, so nominating a player with a perceived wart or two helps your chances to buy.
NOMINATION TIP 5: Don’t wait to purchase the last couple of players in a particular tier. More and more websites and magazines publish tiers of players, so most owners at an auction or regular draft are aware of the different levels of players available. There are only so many top tier running backs who are the clear-cut starters on their teams. Many owners are content to let other owners spend their money on the top of the running back tier one, and then hope to purchase the back end of the top tier players at a discount. While this is a good strategy, it only works until everyone realizes there are only a couple of these players left. The last couple of players in a given tier will most likely experience more potential owners wanting to own them, meaning more competitive bidding, which obviously results in higher prices.
NOMINATION TIP 6: Be willing to nominate handcuffs you like early. Once someone has spent good money on a starting running back, they are going to be more invested in buying their backup. If there are backups you like, don’t be afraid to nominate them before the starter in front of them. Most owners will be hesitant to purchase backups if they don’t have their starting backfield set. If there is a backup you absolutely have to get on your team, try doing it early.
NOMINATION TIP 7: Pay attention to
everyone’s rosters and know your current competition. As the auction progresses, different owners
will fill out their rosters at different paces than others. Whichever strategy you employ, be mindful of
the owners who need players at the same position you do. Your competition will shift throughout the
auction, but is most important in the first ten rounds of bidding. A great way to track this, is to use FanDraft's software. With FanDraft, you can project a draft board that is color coded with each owners roster, and also shows how much money they have spent, and how much they have left. Using this makes it easy to see which positions have a surplus, which have a shortage, which owners need the same positions you do, and how your remaining money compares to theirs. This is key in the middle of the draft as it will allow you to be in the strongest position to nominate players you need to fill out your roster with the least competition.
NOMINATION TIP 8: Wait to build depth,
don’t wait to build your starting lineup. First, there is usually no benefit to having
any of your auction money left after the auction. While you could use your last
$10 to pay $5 each for a kicker and defense, you should only be paying $1 or $2
each for these positions and you should be using that money elsewhere. You have the opportunity in an auction draft to
get several of what we term late round flyers in traditional drafts. If you save 20% of your budget for the end,
you will be able to pay $4 or $5 for a flyer, when everyone else can only
afford $1 or $2. This can give you an
advantage in potentially picking up several younger players with upside that
you may only be able to get 1 or 2 of in a traditional draft. By doing this you can get four or five tenth
round values, and not have any higher round players on your team. However, while getting bench players that hit
may help put you over the top in your league, you are probably not going to win
your league if you don’t have true early-round talent on your team. While you can buy one backup running back or wide receiver early, you do not want to buy too many backup players before you have all of your starting players, with the exception of kickers and defenses. If you are in a standard league and can only start one QB, it could be a mistake to buy another QB before you have purchased all of your RB's, WR's and flex position players. While an auction allows a little more flexibility here than a snake draft, make sure you are saving enough money to get high-quality starters on your team.