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.

Ragnarok allows for each team to designate one starting Running Back on their roster as their Mixed-Yardage Specialist).

A Mixed Yardage specialist totals their rushing and receiving yardage, and compares it to the Mixed Yardage Chart. This chart is balanced and weighted so as to penalize owners from just designating any running back as the Specialist. For example, if Marshall Faulk is declared as a Specialist, he would not earn as many points as if he was just a basic Running Back. In other words, it shouldn't be just a second-hand thought and an extra ability for some player to have. It is only be practical to designate a player who really does rely on a mix of running and receiving. There are a number of running backs in the league who have good receiving abilities which are utilized by their teams, and this would be one way to recognize those players.

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 19 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).

All sealed bids have to be submitted by 8 p.m. on Wednesdays (sealed envelope or email), and phone submissions are accepted only between 8 p.m. and 8:30 p.m. The email is publicly opened in front of other owners, and all bids are resolved simultaneously. If a better system could be offered by anyone, please bring it up. The essential part of it is that all bids have to be submitted with secrecy, and all bids are simultaneously resolved.

On other important rule to stress is that all team rosters will be locked down for the 24 hours prio

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.