You have it right Sam. And I hesitate to call it a bid or salary cap of 78 (12+11+10+9+8+7+6+5+4+3+2+1=78) because I don’t want anyone to be able to bid 67 on 1 player, and 11 1$ players. I think it would work best using the 12-1 ranking method. That way if you got
unlucky and got the fewest players in round 1 , you would automatically be able to get the next best player available in rd 2 because your 2nd rd ballot list would have the most players on it.