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CALCUTTA AUCTION RULES:

1. All 68 Teams in the NCAA Division I Men's Basketball Tournament will be auctioned off to the highest bidder.

2. Each TEAM will be drawn randomly.

3. 10% of the TOTAL BID will be donated to the Cystic Fibrosis Foundation. 90% of the pot will be paid out to the participating bidders.

4. 30 second time-outs may be used by bidders as needed.

5. Persons may not bid or wager money on any elementary school or high school event.

6. The underlying event has more than two entrants.

7. One Spokeperson per Bid Number; Responsible for All Bids Won.

8. HAVE FUN!!!