After many discussions with some people I have settled on the following rules. If you would like to sign up please post a message here or email me and I will add you too the list and get the ball ruling on this season. Once we have the roster set there will be an opportunity to make rule changes. In order for there to be any rule change we must have a 75% owner agreement.

I have run a live league for the past 10 years so I am running this league with a good bit of experience. We have tried to make the rules for this league to be such that will be fun and also competitive. Sign ups for this league will start when this message is posted on the Chip Board.

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. I, Jason Barbiaux, will be acting as commissioner in this league.
The buy in must be made in advance to the draft. I MUST receive your buy in by Aug. 20th. If I do not have your buy in received by this date I will drop you from the league and let the first person out an option to join. You can either send me the entire buy in up front or you can send me half now and half by week 8. 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. There will be weekly prizes as well as final prizes. If you still owe any money and you win a weekly prize I will deduct your winnings from the chips that you owe. To sign up you must either email me or post a message in this thread. In the event that I receive more requests than there are spaces I will go based on the order of messages received.
The Chip Board league will be comprised of either 10 or 12 teams depending on how many people sign up. We must have a min of 10 teams to make this league a go.
There are two parts of the season:
• Part 1 - Regular season Weeks 1-14
• Part 2 - League Playoffs Weeks 15-17
the regular season will run from NFL Week 1 through NFL Week 14. The top 6 (3 division winners and the next 3 best records) will make the playoffs. The remaining teams will make the consolation playoffs. If there are 12 owners we will have 3 divisions with 4 teams in each division. If there are 10 owners there will be 4 divisions, 2 with 3 teams and one with 4 teams. 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 08/26/2012 at 8pm eastern time. 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 18 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. 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.

Fees for FA/Trades: You will receive 14 FREE transactions starting after the first weekend of games. You will be allowed to make any moves you want prior to the season starting free of charge. Once the week 1 games are played you will have 14 free transactions which is an average of 1 per week. Anything over 14 will be assessed a $1 fee. This pay is payable at the end of the season and will be sent directly to the player that I direct it to. Any money that is collected for this will be added to the final prize pool.

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.
Regular Season (Weeks 1-14) team with the best H2H record --
Overall Playoff Champion--
Overall Playoff Runner Up--
Weekly (only during the regular season) team with the most points --
Champion of the Consolation tournament --
Runner up to the Consolation Tournament --
(the chips that are given to the consolation tournament will be donated by me and will not affect the prize pool. I will announce payout structures prior to the draft and we will take a vote to which one we would like to play with)
Scoring:
Each team's roster will have a maximum of 18 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.

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.
I am taking NO money or chips for running this league. In fact I am donating prizes so this will cost me money.
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. If I make any changes and you do not agree with them you will have the right to a refund and drop out of the league. 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.