Post by Daniel (commish, agent) on Jun 24, 2022 23:57:14 GMT 1
Introduction
Agents is another, parallel game played between agencies representing NBA players.
These are ranked by how much money they made their clients minus how much they promised them when they first joined the agency.
Signing upcoming free agents
Each agency can start an auction by starting a thread with an opening bid on any upcoming free agent.
Overbid: minimum 5%, rounded up to the next $100k.
An auction expires when no bid is placed within:
- 48 hours before the NBA draft IRL,
- 24 hours after the NBA draft IRL,
- 12 hours after June 28.
The winning agency then proceeds to negotiate with any of the 30 franchises via PM, and later posts the result in Transactions.
Signing potential extension candidates
Each franchise can start an auction by starting a thread on their extension candidate.
Any agency can place the opening bid of any value.
Overbid: minimum 5%, rounded up to the next $100k.
An auction expires when no bid is placed within:
- 48 hours outside of the last month preceding the extension deadline.
- 24 hours within the last month preceding the extension deadline.
- 12 hours within the last week preceding the extension deadline.
The winning agency then proceeds to negotiate with the franchise via PM, and later posts the result in Transactions independent from whether a consensus has been reached.
If it hasn't, the agency pays a penalty of 10% of the winning bid.
The second-highest bidder can post in the same thread whether or not they want to pursue an extension using their previous final bid.
If they do, the negotiation repeats, and a penalty of 10% of said previous final bid looms.
If they don't, no extension is signed.
Individual player ranking format
The FA sheet compares every player's final contract to the original winning bid, resulting in a monetary win or loss for the agency, based on salaries, guaranties, length, and age.
Agencies ranking format
The Agents sheet sums up overall agency performance.
The actual formulae, only if you're curious:
PO/TO/NG - age-adjusted (44+age_after_contract)/(44-age_after_contract) hit, minimum $200k. NG penalty doubles if multiple NG years. (44 being the age when even Vince is retired.)
Age hit - no influence if coming off the next contract aged under 30, then raises incrementally to reward geezers able to secure longer guaranteed deals.
(i.e. I don't feel any limitation is needed for youngsters, as the market should play it out organically: a player will only sign a 4y, 6m deal if no 1y, 1.5m+ deal is on the table.)
Current examples, only if you're curious:
HoF won Joel at $39m. The first 10 rows show contracts they could sign to roughly get equal return. (Ergo, please disregard the surnames.)
First 3 rows: Embiid is 28. At his age he's still ok signing for almost any duration, but you can't fool him with an unlikely 5th year TO. (After all, if released, he'd need to sign for 1y/$30m aged 32 to equalise his 5-year earnings at a total of $194m.)
Next 3 rows: what if Embiid was only 23? Roughly $1m/year less fussy about that TO.
Final 4 rows: what if Embiid was already 33? Big yes to a quick PO. Hates the extremely unlikely 5th year TO (cell z10) but loves even more the fact that anybody would potentially pay him till 38yo (cell ab10). Guaranteeing that 5th year saves you $4m/year in cap flexibility.
CRich won a cheaper player at $10m. Because of their great negotiating skills leading to that 2nd year PO boost, they won $680k after all.
That's how they got to the top of the rankings on the Agents sheet.
All players further below have artificial ages and salaries around $10m, $3m & $1m: 1+PO beats a 1-year contract more and more dramatically as players age, while you better offer 10% more money if you want to stick a TO to any deal.
Further below, you'll find a test including multiple NG years for unproven youngsters: while guaranteeing only half of the final year is affordable, you'll need to pay 50% extra salary if you want 3 fully NG years.
Everyone please feel free to play around below those, creating new scenarios showing flaws in my formulae. Better fix them now than mid-July, right?
Only white cells are to be edited, the other ones will spit out the result in the right-most column.
PS reminder: gold is PO, grey is TO, blue is partially or non-guaranteed.
Agents is another, parallel game played between agencies representing NBA players.
These are ranked by how much money they made their clients minus how much they promised them when they first joined the agency.
Signing upcoming free agents
Each agency can start an auction by starting a thread with an opening bid on any upcoming free agent.
Overbid: minimum 5%, rounded up to the next $100k.
An auction expires when no bid is placed within:
- 48 hours before the NBA draft IRL,
- 24 hours after the NBA draft IRL,
- 12 hours after June 28.
The winning agency then proceeds to negotiate with any of the 30 franchises via PM, and later posts the result in Transactions.
Signing potential extension candidates
Each franchise can start an auction by starting a thread on their extension candidate.
Any agency can place the opening bid of any value.
Overbid: minimum 5%, rounded up to the next $100k.
An auction expires when no bid is placed within:
- 48 hours outside of the last month preceding the extension deadline.
- 24 hours within the last month preceding the extension deadline.
- 12 hours within the last week preceding the extension deadline.
The winning agency then proceeds to negotiate with the franchise via PM, and later posts the result in Transactions independent from whether a consensus has been reached.
If it hasn't, the agency pays a penalty of 10% of the winning bid.
The second-highest bidder can post in the same thread whether or not they want to pursue an extension using their previous final bid.
If they do, the negotiation repeats, and a penalty of 10% of said previous final bid looms.
If they don't, no extension is signed.
Individual player ranking format
The FA sheet compares every player's final contract to the original winning bid, resulting in a monetary win or loss for the agency, based on salaries, guaranties, length, and age.
Agencies ranking format
The Agents sheet sums up overall agency performance.
The actual formulae, only if you're curious:
PO/TO/NG - age-adjusted (44+age_after_contract)/(44-age_after_contract) hit, minimum $200k. NG penalty doubles if multiple NG years. (44 being the age when even Vince is retired.)
Age hit - no influence if coming off the next contract aged under 30, then raises incrementally to reward geezers able to secure longer guaranteed deals.
(i.e. I don't feel any limitation is needed for youngsters, as the market should play it out organically: a player will only sign a 4y, 6m deal if no 1y, 1.5m+ deal is on the table.)
Current examples, only if you're curious:
HoF won Joel at $39m. The first 10 rows show contracts they could sign to roughly get equal return. (Ergo, please disregard the surnames.)
First 3 rows: Embiid is 28. At his age he's still ok signing for almost any duration, but you can't fool him with an unlikely 5th year TO. (After all, if released, he'd need to sign for 1y/$30m aged 32 to equalise his 5-year earnings at a total of $194m.)
Next 3 rows: what if Embiid was only 23? Roughly $1m/year less fussy about that TO.
Final 4 rows: what if Embiid was already 33? Big yes to a quick PO. Hates the extremely unlikely 5th year TO (cell z10) but loves even more the fact that anybody would potentially pay him till 38yo (cell ab10). Guaranteeing that 5th year saves you $4m/year in cap flexibility.
CRich won a cheaper player at $10m. Because of their great negotiating skills leading to that 2nd year PO boost, they won $680k after all.
That's how they got to the top of the rankings on the Agents sheet.
All players further below have artificial ages and salaries around $10m, $3m & $1m: 1+PO beats a 1-year contract more and more dramatically as players age, while you better offer 10% more money if you want to stick a TO to any deal.
Further below, you'll find a test including multiple NG years for unproven youngsters: while guaranteeing only half of the final year is affordable, you'll need to pay 50% extra salary if you want 3 fully NG years.
Everyone please feel free to play around below those, creating new scenarios showing flaws in my formulae. Better fix them now than mid-July, right?
Only white cells are to be edited, the other ones will spit out the result in the right-most column.
PS reminder: gold is PO, grey is TO, blue is partially or non-guaranteed.
even more, and to help market and create storylines. Here is a taste of a game I simulated between the 
Hornets and the 
Hawks.
bid there 