NATIONAL FANTASY FOOTBALL CHAMPIONSHIP
AUCTION LEAGUES

1. Overview: The NFFC Primetime Auction League is a skill-based, season long competition designed to reward participants who demonstrate the most knowledge of National Football League Games ("NFL") and the players who comprise the various NFL teams. The participants ("Managers") who accrue the most points according to the criteria set forth in Rule 7 will be eligible for cash prizes. The NFFC Primetime Auction Leagues will consist of 12 teams, with each team compiling 20 NFL players using an imaginary $200 team budget. Teams will play every other team in their league once in head-to-head competition and three teams twice, with the team with the best overall record after Week 14 winning a $650 prize (or $1,300 if that is the league fee) and the team with the most total points during the regular season also winning $650 (or $1,300 if that is the entry fee). One team can win both prizes if they accomplish both achievements. Tie-breakers for the head-to-head title is total points. The head-to-head champion and the team with the most total points (not counting the h2h champion) will advance to the playoffs along with the team with the next most points (third seed) and the next best h2h record (fourth seed). The No. 1 seed will take on the No. 4 seed in Week 15 and the No. 2 seed will take on the No. 3 seed. The playoff winners from Week 15 will compete in Week 16 for the league championship prize, while the losers from Week 15 will compete in the third-place game.

• Seed #1: Most total points
• Seed #2: Best h2h record (not counting total points)
• Seed #3: Next most total points
• Seed #4: Next best h2h record

2. Draft: All Auction Leagues will hold their auctions on Friday, Sept. 4th in their respective cities. The order of each league auction draft will be chosen randomly by NFFC and announced no later than Monday, August 31st. Player nominations will begin with Team #1 and go in order through Team #12. Team #1 will start out each round through all 20 rounds. Each team will nominate a player in each round and provide an opening bid for that player. A team cannot present an opening bid that is higher than its remaining budget as it must have money remaining for all 20 players. The bidding continues until the auctioneer determines that a winning bid has been determined. All winning bids are final according to the auctioneer. Each team must have a maximum and minimum total of 20 players on its roster at all times.

The bidding process is open after the initial introduction of the player and all team owners may bid at any time. Bids are made in $1 increments (no cents) and the auctioneer determines the winning bid each time. The auctioneer will state, "going once…going twice….SOLD." Once the auctioneer starts to say "SOLD" the bidding is completed.

3. No Trading: Trading is not allowed during the NFFC Primetime season and owners are not allowed to trade draft picks.

4. Roster Requirements: Maximum of 20 players at all times.

5. Starting Lineup Requirements:

Starting lineups will consist of:

• 1 Quarterback
• 2 Running Backs
• 3 Wide Receivers
• 1 Tight End
• 1 Flex Player (RB, WR or TE)
• 1 Kicker
• 1 Team Defense/Specials Team
• (If no Week One lineup is submitted, the NFFC Primetime will determine your starting lineup. After Week One, if no starting lineup is submitted, your starting lineup will be that of the previous week.)

6. Scoring: Players can accumulate points in a number of ways:

PASSING:

• .05 points for every yard passing (works out to 1 point every 20 yards).
• 6 points for every passing touchdown
• 2 points for every 2-Point conversion
• minus 1 point for every interception and lost fumble

• .10 points for every yard rushing (works out to 1 point every 10 yards).
• 6 points for every rushing TD
• 2 points for every 2-Point conversion
• minus 1 point for every lost fumble
• 6 points for a recovered offensive fumble for a touchdown (RB, QB, WR, TE)

• .10 points for every yard receiving (works out to 1 point every 10 yards).
• 6 points for every receiving TD
• 1 point for every reception for WRs, Tight Ends and QBs
• 0.5 points for every reception for RBs
• 2 points for every 2-Point conversion
• minus 1 point for every lost fumble

• 1 point for every extra point
• 3 points for every field goal from 1-30 yards
• 3 points for every field goal plus .10 points for every yard after 30 yards (i.e. a 47-yard field goal would be worth 4.7 points)

• 1 point for every sack
• 2 points for every interception or opponents' fumble recovery
• 6 points for every touchdown (interception return, defensive fumble return, punt or kickoff return, blocked field goal return, blocked punt return). All special teams and defensive points are awarded to the team responsible, not the individual player. Should a kicker, punter or field goal holder throw a pass off a fake attempt, however, the offensive output for that offensive play would go towards the individual player, not the specials team. Also, any lost fumble or "muff" on a specials team play does not result in negative points for that individual player.
• 2 points for every safety
• 12 points for a shutout by the entire team
• 8 points for allowing 2-7 points by the entire team
• 4 points for allowing 8-12 points by the entire team
• 2 points for allowing 13-17 points by the entire team
• 7. Free Agent Acquisitions: Any player who is not on a team roster within your league is considered a free agent for that league. The free agent system will be a "blind bidding" process for each individual league (Free Agent Acquisition Bidding or FAAB). Each team will start with an imaginary $1,000 FAAB budget, and will be permitted to bid for free agents on a weekly basis through Week 14. No team will be informed of any other team's free agent bids. The team with the highest bid on any given player will be awarded that player. The amount of the winning bid will be deducted from the winning team's free agent dollars. For each winning bid, the winning team must drop a player to make roster room for the free agent acquisition. If a team's free agent dollars goes to zero, that team will no longer be allowed to bid for the rest of the season. No bid will be accepted that is larger than a team's free agent dollars. All bids must be in increments of dollars (no cents).

8. The Auction: The auction will be held at the host sites in Las Vegas, New York and Chicago. Cost of entry is $650 per team (or $1,300 where demand warrants it) and $50 per co-manager. All participants and co-managers will sit in the order of their team number. The Auction League will be a non-smoking event. Use of electronic equipment (cell phones and laptops) is allowed, but there will not be Internet connections or electrical outlets available. Bring your own battery if you want to use a laptop.

A. League Management Web Address: STATS LLC will manage the NFFC Primetime Auction League and provide real-time stats online. You can access your league via the Internet by going to http://www.fantasyfootballchampionship.com

B. Lineup Submission: All lineups may be submitted on the league web site and must be entered prior to the scheduled kickoff for the game affected.

C. Scoring: The NFFC Primetime Auction League will use a head-to-head scoring setup. Scoring will be accumulated each week from your 10 starters. Scores in the auction league are finalized with no changes possible after 6 p.m. EST each Thursday after the weekend games.

9. Bidding Time Frame: The bidding process will be held each week after Week 1 and continues through the end of the NFFC Primetime Auction League regular season. Bids will be accepted on the league web site from Tuesday at 9 am ET until Friday at 9 p.m. ET in each of those weeks. If you are submitting by phone, you must submit your bids by 2:30 p.m. ET on Friday. Rosters will be updated by 10 p.m. ET Friday with the results of all successful bids.

The FAAB deadline will be moved to Wednesday, Nov. 19 at 4 p.m. EST to comply with the Thanksgiving Day games and to Wednesday, Nov. 5 at 4 p.m. EST to comply with the Week 10-13 Thursday games as well. There are no FAAB pickups in Weeks 14 through 16 during the NFFC Auction League playoffs. All winning FAAB bids on Nov. 5, 12, 19 and 26 are final at that time, even if a scoring change is made after that which would affect tied winning bids.

10. Conditional Bids: Conditional bids can also be offered. In the event you may lose out on a player, you can place conditional bid(s) for other players during the bidding time frame. The first conditional bid will become relevant only if you lose out on the primary bid. Subsequent conditional bids will become relevant only if the previous conditional bid fails. Bids do not require conditional bids. Bids may have several sequential conditional bids.

11. Number of Bid Limits: There is no limit to the number of bids each week in which bids are permitted.

12. Tied Bids: If there is a tie bid, the team that receives the player will be determined in order by:

• 1. Worst league record.
• 2. Lowest total points.
• 3. Head-to-head matchups of teams (losing team would get the player).
• 4. Worst previous week score going back from most recent through Week 1.
• 5. Lowest draft spot

13. Trades between managers: To minimize the possibility of collusion, there will be no trading allowed.

14. League Structure: Each league will consist of 12 teams competing in a head-to-head format for the league championship. Teams will be assigned randomly to each Auction League in each city on a first-come, first-served basis. Complete refunds will be offered to participants if a full 12-team league isn't filled in that city. Teams will play every other team in their league once in head-to-head competition and three teams twice, with the team with the best overall record after Week 14 winning a $650 prize (or $1,300 if that is the league fee) and the team with the most total points during the regular season also winning $650 (or $1,300 if that is the entry fee). One team can win both prizes if they accomplish both achievements. Tie-breakers for the head-to-head title is total points. The head-to-head champion and the team with the most total points (not counting the h2h champion) will advance to the playoffs along with the team with the next most points (third seed) and the next best h2h record (fourth seed). The No. 1 seed will take on the No. 4 seed in Week 15 and the No. 2 seed will take on the No. 3 seed. The playoff winners from Week 15 will compete in Week 16 for the league championship prize, while the losers from Week 15 will compete in the third-place game.

• Seed #1: Most total points
• Seed #2: Best h2h record (not counting total points)
• Seed #3: Next most total points
• Seed #4: Next best h2h record

15. Prize Breakdown: The Auction Leagues do not have an overall prize structure, just a league prize. In the $650 Auction Leagues:

• First place wins $2,850
• Second Place = $1,200
• Third Place = $500
• Head-2-Head Regular Season League Champion = $650
• Total Points Regular Season Champion = $650
• Prize breakdown for $1,300 Auction Leagues are as follows:
• First place wins $5,700
• Second Place = $2,400
• Third Place = $1,000
• Head-2-Head Regular Season League Champion = $1,300
• Total Points Regular Season Champion = $1,300

16. Draft Rules:

• a. Time Limit: Each participant will have 30 seconds to nominate a player when their turn in the auction comes up.
• b. Seating: Every team will have two draft spots available at the table and each team will be seated in their draft order.
• c. Trading: There is no trading allowed during the NFFC Primetime Auction League season and all player cuts will be evaluated by the NFFC. Any player cut that will hurt the integrity of the league can be removed from that leagues free agent pool for good by the NFFC.
• d. Electronic Equipment: Participants can use electronic equipment during the draft as long as it fits in the allotted draft spot at the table. There will be no Internet connections or electrical outlets, so participants bringing laptops will have to supply their own power. Cell phones are allowed at the draft table, but we encourage participants to use them sparingly and not in a way that interrupts the draft process.
• e. Smoking/Drinking: Smoking will not be allowed in the Draft Room. There will be a cash bar available in the Draft Room, but we ask that each participant drink responsibly.
• f. Breaks: There will be brief breaks and money checks after Rounds 6 and 12 or when needed. We will finish the draft after the second break.
• g. Week One Lineups: Every participant is responsible for submitting their Week One starting lineup before the Thursday, Sept. 10th game, but players who are not involved in that initial game can be moved in or out of the starting lineup before the Sunday, Sept. 13th games begin. The Thursday night game results will count in the NFFC Primetime Auction League scoring. All teams are also required to confirm their team roster and sign off on the players on the list before leaving the draft. Any errors on your roster should be presented to management as soon as possible.
• h. League management: The league will be available via the Internet at http://www.fantasyfootballchampionship.com. All lineups may be submitted on the league web site and must be entered prior to the scheduled kickoff for the game affected.
• i. Thanksgiving/Saturday games: Any players you want to place in your starting lineup for early games like Thanksgiving or the Thursday or Saturday late season games, must be entered online at least five minutes before kickoff. Any player involved in those games that isn't in the starting lineup by the regular lineup deadline of Sunday morning, won't be available for those week's games.

17. NFFC Primetime Guarantee:

Once a participant submits valid payment, no money will be refunded to participants or co-managers unless the NFFC is canceled. A team spot is considered filled when the entire $650 (or $1,300) entry fee is paid. When a participant agrees to finish the registration form and submit payment, that participant has demonstrated his/her acceptance of the official rules and regulations for the NFFC Primetime Auction League. Krause Publications reserves the right to refund any entries not comprising a full 12-team league.

At its sole discretion, Krause Publications also reserves the right to terminate The National Fantasy Football Championship in its entirety if there are an insufficient number of teams by August 31, 2009. In this unlikely event, Krause Publications will refund all entry fees within 48 hours of cancellation notice and/or provide a new application form with the newly stated prize figures. All pre-registered applicants would have the right to a full refund or agree to play for the newly announced prize structure. Krause Publications is not responsible for any loss or liability incurred by any participant or co-managers due to cancellation of The National Fantasy Football Championship, including but not limited to travel or hotel expenses, time taken off from employment, etc.

18. No Recourse to Judicial or other Procedures:

To the extent permitted by law, the rights to litigate, to seek injunctive relief or to make any other recourse to judicial or any other procedure in case of disputes or claims resulting from or in connection with this Championship are hereby excluded, and you expressly waive any and all such rights. You agree that these Official Rules are governed by the laws of the State of New York, U.S.A. without regard to principles of conflicts of law. Venue for any action shall rest exclusively in a state or federal court of competent jurisdiction in the Southern District of New York, New York.

19. Internet: Sponsor is not responsible for electronic transmission errors resulting in omission, interruption, deletion, defect, delay in operations, inaccuracies or transmission. Sponsor is not responsible for theft or destruction or unauthorized access to or alterations of entry materials, or for technical, network,network; telephone equipment, electronic, computer, hardware or software malfunctions or limitations of any kind. If for any reason the Internet portion of the Contest is not capable of running as planned, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, disruption or termination of the Contest site for any reason or any other causes which corrupt or affect the administration, security, fairness, integrity, or proper conduct of this Contest, Sponsor reserves the right at its sole discretion to immediately cancel, terminate, modify or suspend the Contest. Sponsor further reserves the right to disqualify any individual who tampers with the entry process.

20. Severability: If any provision(s) of these Official Rules are held to be invalid or unenforceable, all remaining provisions hereof will remain in full force and effect.

21. Prize Winnings If your prize winnings exceed $600.00, The National Fantasy Football Championship must file a Form 1099 with the IRS at the end of this calendar year. If necessary, we will request your social security number. The Form contains the amount paid to the principal owner (and ONLY the principal owner) and you will receive a copy of the Form for tax purposes. You are responsible for paying any taxes that result from your cash prize. Please consult your income tax advisor for filing advice.