At the start of each sport season (Football, Basketball, Baseball, etc.) and league (NCAAF, NFL, NCAAB, NBA, etc.) each player will be can sign up to play and be credited with $1,000,000 in their cash account to play.
Players buy and sell shares of teams directly from and to the Sport Trade Broker.
Each team will have 100,000 shares available for purchase at the Initial Public Offering (IPO). As the season progresses and if all shares of a specific team are purchased, then a player must wait until another player sells their shares back to the Sport Trade broker.
NFL and College team IPO prices are set based on the Preseason Power Rankings and Preseason Football Power Index Ratings respectively. Both can be found on ESPN.com.
There is no stock purchase transaction fee. There is however a transaction if a player decides to sell shares that have been owned for less than 2 hours. This is considered a short term trading fee.
Sport Trade will open the market for trading on one day before the first official game of a particular league to allow players to purchase shares of stock at the IPO price. Trading will begin on this evening at 9:00EST.
Stock prices will fluctuate based on how well the team does in wins vs. losses and how the team actually performs in these games, the amount of shares owned by other players, and if the team moves on to play additional games after the regular season.
Stock prices will change each time a transaction for a given team occurs and at the conclusion of a game that the team has just completed.
At the conclusion of the sports season, all shares of stock will automatically be sold back to the Sport Trade broker. But your season results will still be available.
Winners of available contests will be determined by the player with the highest Return on Investment (ROI) and/or Rate of Return (ROR) over the set contest timeframe (Daily, Weekly, Monthly, etc.).
To be eligible to win the overall season contest, you must have participated in at least two-thirds of the season.