Each week, your team faces one other team (determined by the season schedule posted before the season starts), and every owner submits their starting rosters (the 7 positions defined below) prior to kickoff in that week's first game (usually Sundays, but sometimes Thursdays or Saturdays). The 9 starters each week are always in the same positional ratio: 1 QB, 1 RB, 1 TE, 2 WR's, 1 K, 1 DF/ST.

These players earn points for their fantasy team through actual real-life scoring and yardage bonuses. The total points earned by those 9 players is that fantasy team's final score, and the winning team is determined by highest score between the two teams which faced each other. A tie is a tie.

Teams accrue win-loss records through the first 14 weeks of the regular season, and the top 4 teams face each other in the playoffs, which take place in weeks 15-16 of the NFL regular season.

The winners of each division, determined by the overall records, get the first 2 seeds in the Bifrost playoffs. The next two seeds are the teams with the best overall records, with the #4 seed facing #1, and #2 vs. #3. The playoffs take place in weeks 15-16 of the NFL's regular season.

In case of a tie in determining what teams will make the playoffs, the total points scored throughout the season will be used as a tiebreaker (starters' points for each week, totaled). The second tie-breaker for this situation will be divisional record. The third tie-breaker will be the teams' head-to-head record. The fourth tie-breaker will be a vicious game of Rock-Paper-Scissors, 3 out of 5.

It must be noted as to why the tie-breakers work in this fashion, as opposed to some other leagues. Simply put, the "mission statement" with determining the playoff teams: put the best teams in the playoffs. The absolute best measurement for this is total points scored. "Head-to-head" is an illusion grabbed from the real life parallel of the NFL - but in fantasy football, your team does not actually face your opponent's fantasy team. The same idea applies to having "divisional record" be a strong tie-breaking component.

As in the NFL, every team enters the playoffs with a clean slate. In case of a tie in the playoffs, bench points are compared to come up with the winner in "overtime."

The final positions in the 2002 playoffs will also be the draft order for 2003.

The four teams that missed the playoffs will face each other in the Loser Playoffs, which will determine their draft position for the following season. Just as the top 4 teams in the league are playing for their draft position, so shall the losers.

Each team must have a hometown, and the schedule will comprise of a home-and-away format, with 7 home games and 7 away games. Three of those will be home divisional games, and 3 will be away divisional games.

The home team gets 2 bonus points to start the game with, reflecting their home-field advantage.

This format extends into the playoffs, and teams are now playing the regular season to establish home-field advantage throughout the playoffs. Every game in the playoffs will be in the home-and-away system, with 2 points to the team with the better record, who will be playing in front of their home crowd.

After the second game of the regular season, there will be a free agent list posted every week and all owners can look it over and bid on any player on the list, keeping in mind that the roster size is limited to 14 players and one IR spot. Free Agency is not open until after the second game (it used to be right away), as the intention of the Free Agency system is really set up to offer a slight advantage to the teams that need help (see bonus Free Agency Points, below).

On other important rule to stress is that all team rosters will be locked down for the 24 hours prior to each Free Agency period.

At the beginning of the season, each owner will have 100 Free Agency Points. When an owner sees a free agent which they wish to acquire, they will submit a secret bid for that player, complete with how many Free Agency Points they are willing to spend in order to get that player. The highest bidder gets the player; in case of a tie, the team with the worse record gains the player. If there is still a tie, then both teams can submit another round of secret and simultaneous bidding. If a tie is still the result, then the tie-breakers go as follows: worst total points by starting lineups thus far, worst divisional record, and finally a brutal game of rock-paper-scissors.

Free Agency Points can be traded amongst teams.

Owners can bid on as many players as they would like, but keep in mind the following important considerations:

The total number of FAP's that are bid cannot exceed the total amount of FAP's held. One cannot bid "20 points on Alfred Pupunu, only if my 40 points on Mathew Hatchette is unsuc

All trades are pretty much legal but are subject to a Fairness Committee vote if one is called for. Teams are not allowed to "loan" or "trade for a day" players to other teams. Trading can begin July 15 (even though at that time teams only have 1 player, their Franchise Player. Keep in mind that whenever a player is acquired, they must remain on the destination roster for two NFL weeks.

Teams are also be able to include Megabucks as part of a trade.