Each team will receive 💰 $500,000 💰 in draft dollars to use - think Monopoly money.
Teams are allowed to use up to an additional 💵 $500,000 💵 of their own money that they pay to MLP, which gives the teams that are willing to spend the most an auction cap of 💸 $1 million 💸.
The minimum draft slot bid is 💲 $10,000 💲, so hypothetically speaking, a team could bid 💰 $970,000 💰 on the first overall draft slot and then get picks 46, 47, and 48 for 💵 $10,000 each 💵.

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