These rules are pulled right from the FAQ. I sent my offers to Kingdom of Zito prior to this post so someone else can verify after the fact.
Period 2 will be 10 days.
1) All offers must be sent to me through PM in the following format:
Team-Offers-Pos-Name-Years-Amount-Per Year
Ex: Rangers offer SS-Michael Young 5 Years @ $5,000,000 Per Year
2) I will accept offers on a maximum of 20 different players per team. You can bid on all 20 players at once if you want. If you are outbid, then you will be able to bid on a different player instead. If you are outbid on a player, then you are allowed to re-bid on that player and it will not count against your total offers. These 20 players will span all 3 free agent periods.
3) Offers received before the stated start time will not be accepted.
4) Offers received after the stated end time will not be accepted.
5) You cannot change your offer once it has been submitted. You can bid again however if you feel it may not be high enough.
6) Any player signed to a major league contract during FA will not be eligible to be traded until July 1st. Any trades sent in involving those players before that time will be ignored.
7) Trading during Free Agency is allowed but you are responsible for your own FA money situation.
8) If a player does not like the offering team, I will inform the GM via PM and he will be able to bid on another player assuming there is enough time for me to do so.
9) You can retract your offer on a player, but he will most likely not listen to any more offers from you for the rest of free agency.
Financial Rules
1) Each team will be able to spend what your financial page allows during the entire FA signing periods.
2) If you want to offer $10 million or more on a certain player, you are limited to 3 of those types of offers. Two of them can be between $10-$15 million while the 3rd one can be up to $20 million. All 3 offers can be $10-$15 million but you are only allowed 1 offer of more than $15 million. If you are outbid on the player, or the player doesn't like your team, you will be able to offer on somebody else instead.
Note: This will be blind bidding. I will load all the offers as soon as I can before the end of the period and then post the signings in this thread. The site will be fully uploaded after all periods so you can see the signings and your team pages.
Please try to keep all of your initial offers limited to 1 private message. I'll respond to let you know if they all were accepted or if someone didn't like your team.
The site is completely updated as of this moment.