The NFL auction house has released the bidding process for its 2019 season.
Here’s a primer on what you need to know.NFL auctions are open to the public on Wednesday and are expected to draw record crowds.
Bid on the team that you want to own the next season.
The bidding is open until 11 p.m.
ET on Thursday, Dec. 1.
The bids will be tallied and tallied again the following day.
The bidding will be open until midnight ET on Friday, Dec 15.
That’s the last day for a bid.
The winner will be announced the next day.
If the winner of the bid is not found within three hours, the bidding will begin anew.
If the winner is found within five hours, bids will begin at a price equal to the winning bid plus the amount of time it takes to bid and the amount bid.
The winning bid will be the value of the winning item, or the value at which the winning bidder would have bid.
Auction house staff will determine if the winning bids exceed the amount owed.
If not, the winning price will be forfeited.
Bids can be made through online, phone or in person.
The winning bid can be the total of all the bids for a single item.
Bidders can submit a bid to the NFL’s auction site by dialing 888-BID.
The NFL’s website is available at www.nfl.com/auctions and the auction house will call each bid individually.
A telephone auction call is available via 800-745-3000.NFL owners must approve any bids, including any bid exceeding the auction’s reserve price.
If a bid exceeds the reserve price, a higher reserve price will also be required.
A winning bid is then determined by the auctioneers.
The auctioneer will then determine the final auction price and the reserve will be determined by NFL management.