FAAB stands for “Free-Agent Auction Bidding,” and it means that fantasy managers have a set budget that they can utilize for free agents on the waiver-wire in leagues. Some leagues call it a “blind bid” system because waivers are determined by blind bids each week, as opposed to waiver priority that is determined by other factors. Each team gets a set amount of $100 at the beginning of the season, and managers have to decide how to utilize that budget throughout the year.
If you wish to pick up a player, you might see that this player has a "W" next to their name, not allowing you to pick them up until a certain date (shown highlighted below). This means that player is on "waivers" until the date specified (in this case September 15), which is a tool used by fantasy leagues to ensure each manager has a fair shot at picking up hot free agents.
For each player on waivers, there's a "blind auction" style bidding process that happens behind the scenes in order to determine which manager gets to pick up that player when the waiver date is reached. Using your $100, you'll decide how much money you'd like to spend on a free agent (or you don't have to participate in bidding at all, should you like the current state of your team), "bidding" as much as you believe it'll take to outbid your competitors (you can bid anywhere between $0 and the full $100).
For example, let's say I wanted to pick up Sam Darnold. I'd head to the players page, find Darnold, and click that green arrow next to his name. I'd then select the player already on my team that I'd drop in order to add Darnold (in this case, I'll drop Giovani Bernard). Once I've done that, it'll take me to the screen shown below:
This screen shows you everything you need to know in order to finalize your bid. On the lower left, under "Bid Amount," important things such as "Your Budget," "Waiver Date," and most importantly, "Your Bid" are laid out. Conveniently, all team budgets remaining are shown on the right.
Using all of this information, make what you believe is a winning bid on the player you hope to claim (in this case, I'm bidding $8). Enter your dollar amount into the "Your Bid" box and hit the big blue button at the bottom of the page.
On September 15, when this player is officially "off wavers," the silent auction will be conducted, and whichever manager blindly bid the highest dollar amount will receive that player. So, if my $8 was the highest amount bid on Darnold, he'd be awarded to my team. However, if, let's say, Miles bid $10 on Darnold, Miles would win the auction and be awarded the player.
One thing to remember: try to bid as low as you can while still winning your player. You don't want to bid $60 on a player and then have the next highest bid be $15 -- what a waste that would be!
Another hot tip: the FAAB process only applies to players on waivers! If the waiver date on a player came and went without that player being bid on, they're free to pick up -- FREE as in $0!
It may seem complicated at first, but I promise, it's the best way to handle free agent pickups! You'll get the hang of it really quickly, don't worry.
At the beginning of the season, when everyone has the full budget, determining a bid amount is difficult. Some managers are cheap with their FAAB money, saving it just in case a big-name player hits waivers late in the season. Others are loose with it, tossing around big bids early in the year to hopefully land that diamond in the rough pickup. The choice is yours -- it's your team!
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