for the official post tomorrow around 2pm eastern time. I have modified a few things in the rules. I have highlighted the changes in red. There could be a few more changes before the sign up starts tomorrow. If you have any last min suggestions or anything about the rules you do not like please email me or post it on here and we can discuss a change.

This league will be a head to head league which means each week you will compete against another player. Whoever scores the most points wins for the week. At the end of the regular season we will have playoffs. The top half of the field will make the playoffs and the bottom half of the field will make the consolation playoffs. We need to have have either 10 or 12 players to make this league a go. If there are 12 players we will have 6 in the playoffs and 6 in the consolation playoffs. if we have 10 there will be 6 in the playoffs and 4 in the consolation playoffs.

We have a few possible draft dates set up right now. The weekend before the season starts is Labor Day weekend and there are quite a few people that would be unavailable. In lieu of this we can hold the draft on Tuesday Sept. 4th or the weekend before Labor Day. If we hold the draft the weekend before Labor Day we could do it Sunday Aug. 26th in the evening. The tentative draft time will be Aug. 26th at 8pm eastern time

The draft will be a standard draft and not an auction style draft. We will be set up into divisions depending on how many teams we have in the league. We need a min of 8 teams to make this league a go and max of 12 teams. If we have more than 20 people who are interested I am willing to run 2 leagues. I am running a live league so 3 will be my max. 2 on here and 1 live. If we have 20 people interested the first one will have 12 and the second one will have 8. You will be placed in the league based on when you sign up. If there was any interest in having a much higher buy in, we could do that as well for the second one. (30 $5 chips instead of $1 chips) I am changing the min to 10 players, 8 people is just not worth the trouble in running a league

There will be an option for trades and also free agent pickups. There will be a fee of $1 for all transactions per person. If you make a trade with someone each player will be charged a $1 fee. For example if you trade 2 players for 2 players each owner will have to pay $1. You are able to make it part of your trade that one of the owners will pick up the entire fee. If this happens I will need an email or a text from both owners. As of right now there will be 15 free transactions. This will be combined between FA and Trades, if you trade 2 for 2 that is still considered 1 transaction. If there is any money or chips collected from FA/Trades it will be added to the prize pool
Complete Rules:
The entrance fee for The Chip Board fantasy football league is $30. You can make this buy in with $30 cash or 30 $1 chips. The chips must be casino chips and not personals or fantasy chips. The league will be run by yahoo sports online. We will have an online draft with the date to be determined. I, Jason Barbiaux, will be acting as commissioner in this league.
The buy in must be made at least one week in advance of the draft. I must have your entrance fee collected by Aug. 20th. I am setting a strict date for this because if you can not follow through and send right away then I need time to get your spot replaced.You can either send me the entire buy in up front or you can send me half now and half by week 8. If you have a balance due and you win a weekly before you send the chips we will deduct your winnings from the chips that you owe There is a maximum of 2 like chips permitted per person. If you send me 15 $1 chips now and 15 on week 8 you still can only send a total of 2 like chips. Please do not send me 2 like chips in your first batch and the same 2 in the second batch.
Sign ups will occur in a thread that will start at the end of this week or by email.I will post the official sign up tomorrow at approx 2pm
League Structure, Rules and Prizes
The Chip Board league will be comprised of up to 12 teams and a min of 8 teams.
There are two parts of the season:
• Part 1 - Regular season Weeks 1-14
• Part 2 - League Playoffs Weeks 15-17 (depending on how many teams)
the regular season will run from NFL Week 1 through NFL Week 14. If we have 10-12 teams, then there will be 6 teams that will make the playoffs for NFL week 15 through NFL week 17. The remaining teams will play in a consolation playoff during the same time frame. If we have 8 teams then the there will be 4 who make the playoffs and 4 who make the consolation playoffs. We will have 3 divisions with 4 teams in each division. The winner of each division will make the Playoffs and the next 3 with the best record will make the playoffs as the wild card.
The draft will be held online at http://football.fantasysports.yahoo.com. The date of the draft is TBD. If you are unable to make the online draft you have the option to have your team drafted automatically by the order of players you choose. The drafts will last for 20 rounds, with each team selecting one player per round. Drafts will be held in a serpentine format: Team 1 through Team 12 in Round 1, Team 12 through Team 1 in Round 2, Team 1 through Team 12 in Round 3, etc. Teams may select any player that is not already drafted by another team. There are no limits or requirements as to the number of players drafted at each position. Each team participant/manager will have one minute (60 seconds) to make a player selection in each round.
There is no trading of draft picks allowed in this league but you are able to trade players. All trades will be reviewed by the commissioner and can be vetoed if the trade is deemed not a fair trade. Upon all trades an email will go out to all players in the league making them aware of the trade. At that time any player will have 48 hours to send me a request to veto the trade. Upon me receiving an email or text I will notify both parties of the trade that the trade is being looked into further. At this point either one of the people making the trade can send me supporting information why this trade is in the best interest of both teams. I will not accept any veto requests based on you feeling this is going to make a team better than yours so it’s not fair. All trades will cost $1 (chip or cash) per player being moved. You can have it is part of the trade that one player will cover the cost of the trade. The trading deadline is November 16th, 2012.

Waivers/free agents: The waiver period is Sunday 10pm through Tuesday 11:59pm PT. All unowned players will be on the waiver list and all owners have until Tuesday 11:59pm PT to make a claim for the player. If multiple people make a claim for a player the order will be worse record to best. Once you pick up 1 player in a week you will be moved to the back of the priority list.

Prizes:
The official prizes can not be determined until we know how many owners we will have. Here is a breakdown of who will get money/chips. Any money that is collected instead of chips will go to the winner of championship game. there will be a prize for the runner up to both championship games as well. I am going to donate the prize for both consolation prizes so they will not come out of the prize pool.
Regular Season (Weeks 1-14) team with the best H2H record --
Overall Champion Week 17 --
Weekly (only during the regular season) team with the most points --
Champion of the Consolation tournament --
Scoring:
Each team's roster will have a maximum of 20 players. The starting lineups will consist of: 1 QB, 2 RB, 3 WR, 1 TE, 1 Flex Players (RB, WR or TE), 1 PK. 1 Team Defense/Special Team. The deadline for lineup submission for each player via web site or email is the scheduled start time of the game in which the player is participating.
The following is the scoring system used. Scoring will be calculated to the hundredth of a point. Negative yardage will be counted as a negative score:
Passing:
20 yards passing = 1 point (Divide total yards by 20. Example: 275 passing yards = 13.75 fantasy points)
Passing TD = 4 points
Interception thrown = Minus one point (-1).
2-point conversion = 2 points
Rushing:
10 yards rushing = 1 point (Divide total yards by 10. Example 126 rushing yards= 12.6 fantasy points)
Rushing TD = 6 points
2-point conversion = 2 points
Receiving:
10 yards rushing = 1 point (Divide total yards by 10. Example: 93 receiving yards = 9.3 fantasy points)
Receiving TD = 6 points
1 point per Reception for RB, WR, QB, K
2-point conversion = 2 points

Placekicking:
Extra Point = 1 point
Field goal made 0-19 yds = 2 points
Field goal made 20-29 yds = 3 points
Field goal made 30-39 yds = 4 points
Field goal made 40-49 yds = 5 points
Field goal made 50-59 yds = 6 points

Team Defense/Special Teams:
1 point for every sack
2 points for every team takeaway (interception or fumble recovery)***
6 points for every TD
2 points for every safety
11 points for every shutout
8 points for allowing between 1- 6 points
4 points for allowing between 7 - 13 points
-4 points for allowing 35+ points
** Any points scored against a team counts towards their defensive points allowed, whether the scoring came by an offensive, defensive or special team score.
LEGAL
Any dispute that may arise during the season will be directed to the commissioner. If after the commissioner make a ruling you will have 24 hours to file an appeal. One you file an appeal all members of the league including the commissioner will have the right to vote on the ruling. If there is a 75% league wide consensus the ruling will be changed. The league owners will have 48 hours to make their decision.
The Chip Board and NFL have not endorsed this league and all copyright rules will be followed.
The commissioner has the right to make any changes to the rules prior to the start of the draft. Once the draft has been concluded there must be a vote by the league owners to make any changes. A vote of 75% will be needed to make any changes to any of the league rules.