An option for ESPN League Manager Leagues is Free Agent Acquisition Budget, or "FAAB". This waiver system has one options available to choose from:
- Free Agent Auction - Teams will have a specific budget with which they can bid to make player acquisitions. All acquisitions will be done in batches one or more times each week (as specified in the settings). If a team would like to add a player, that team will bid an amount they are willing to pay. On the next waiver process day, the team with the highest bid will be awarded the player, and the bid will be subtracted from that team's budget.