An on-line auction capability in the future is not out of the question.
Franchises are sometimes without owners even in the middle of the year.
Initial contracts are for 3 years. If you pick up a Free Agent or receive a player on trade, he must stay active for 2 weeks, unless you trade him away. Marquee is top 5 salaries, and top 5 point-getters based on stats that were included in the last Piranha update. For example, for a trade reported on Wednesday, you can't use yesterday's reported stats. Any players dropped, retain their current salary and contract if claimed by another franchise in the following week.