Everyone has until midnight(eastern time) Friday night to announce their amnesty cuts. At 12:01 AM saturday (eastern) time, the first group of 10 players for bidding will be posted. You have to hold the winning bid for 12 hours, and when a player is won, you post the next player in that row of players(going across in my finalized free agent list spread sheet).
In the interest of time, the rookie draft will continue as scheduled while free agency is taking place. If you have 1st round draft picks, you need to add up the value of those contracts and add them to your team salary.
Remember our new roster settings are PG, SG, SF, PF, C, UTL, UTL, UTL
with 8 bench spots. And we are playing with a hard cap of 75 million dollars.