Maury Brown has you covered. He explains the expected process on FanGraphs.com in FAQ form. I would suggest reading the whole thing, but here's a highlight.
↵↵↵What's the Bidding Going to Start At?
↵Determining the very lowest a group can bid means looking at the Greenberg/Ryan's group offer. The approx. $520 million "stalking horse" bid is really broken down into three parts...
↵But, the focus should be on the approx. $520 million Greenberg/Ryan has on the table on Weds. Once the overbid of $15 million is added as a minimum, all subsequent bids will be in $2 million increments.
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