Free Agent Acquisition Budgets (FAAB) make fantasy games even more realistic. Not only do you have to think about the best players to draft, but you also have to take into account your team's acquisition budget.
In a FAAB waivers system, each manager receives a dollar amount to place blind bids on players that are on waivers. The manager with the highest bid at the end of the waiver period claims that player and that bid amount is deducted from the team's acquisition budget.
The FAAB doesn't apply to free-agent pickups.
Bids are hidden to other managers until a player clears waivers. The winning bid will display in the Transaction log.
Players with multiple bids placed on them will display under "FAAB Bids" on a league's Transactions log.
The FAAB system charges you the exact amount you bid if your bid is successful.
The default FAAB budget for teams is $100. The commissioner of a custom league may change this amount at any time throughout the season by using the Acquisition Budgets tool.
There isn't an option to force managers to make a minimum bid amount.
The waiver priority will only change if 2 or more managers bid the same exact dollar amount on the same player.