Thanks for your help.
I should have put in my post, our league last year had 12 teams and 2 owners drop out so this year we have 2 new owners
and we are back to 12 teams. Does that change the answer you sent me?
Yep, sure does. Forget the impact of expansion, since there is none. That leaves only the decrease in inflation, along with a subjective "feel" that the 2 new owners will spend early. The amount of the inflation decrease depends on the specifics of the keepers on the 10 returning teams, and who might have been kept on the 2 old teams, but cannot be kept now.
Assuming inflation goes down, as is likely, the impacts are:
1. Players should cost less, on average, than they did last year. Probably not a lot less, but it depends on the specifics.
2. Given that, you might be inclined to throw back a player or two who you might have kept otherwise.
3. I would guess that on the high end players there will be no decrease in cost, and may even be an increase, as the 2 teams with the big budgets will likely drive up the cost of those players.
4. If that happens (i.e. if the two $260 teams spend early) there will likely be more bargains available in the middle and later portions of the auction.
In your specific situation, where you're keeping 9 players and have $140 for 14, I'd be inclined to avoid the price wars early, but be somewhat aggressive (but don't overspend) once the initial spurt of pricey guys winds down. Of course it depends on your league's typical auction dynamics, as well.