players' auction

A players' auction is a process where sports teams bid publicly to acquire athletes. Each team offers a monetary amount to secure the player's contract, with the highest bid typically winning the player’s rights. This system allows a fair and transparent way to allocate talent, especially when players are free agents or in a draft. It encourages competition among teams to sign the best players and helps determine their market value based on bids. Overall, it's a structured method for teams to compete for talent while maximizing the player's value in the league.