Opening bid is at least 3. Until the bidding gets to 10, you can outbid by 1, but once it hits 10, it has to be at least 3.
If you lose a bid to someone, you get your bidding points back.
Once someone wins the bid they get to sign the player using contract points
Once a name is thrown out there, it will be close to 24 hours till the bidding is closed. If there is someone that is very active with the bidding, this is subject to being extended, and it will be determined by the Admin's if the bidding time is extended.