Need Help Interpreting A Rule: Dynasty Fantasy Football (MFL Site)

[the lone star]

So how would you all interpret the following rule?

"Transition Tag 1. Owners will be able to transition tag one player per season, per team. 2. Prior to the start of RFA, owners must place a dollar amount on a transition player. This can be whatever amount the current owner is willing to spend to retain the player. 3. At the start of RFA period, other owners will have 48 owners to match this amount plus 25% (rounded-up) 4. If no bids are matched, player will go back to original team at the owner's assigned bidding price. 5. If the offer is met, plus 25% (rounded-up), the player goes to the new team at the new bidding price. 6. Additionally, the new owner also must immedietaly sign that player to a new contract and pay Dynasty Dollars for each year as follows: Player may only be given a maximum of 3 year contract, with each year costing $3. Max $9"

So an owner who transition tagged Alex Smith wrote "Tag Smith at $6, and then said $11, 14, or $17 to match."

How do you interpret this rule? Is it an auction/bidding system, or just a matching system? Does the the first team to match get the player, or can somebody bid after a match and increase the price?

In the event that it is a bidding system, where do you apply the 25% kicker? Do you apply it to the tagged amount (to the $6 number on Smith), or do you apply it to each individual bid that is made on the player (so if someone bids $14, then the price they pay will be $14 + (14/4) + 3(number of years signed for))?

Keep in mind that this is how the rule has been disclosed to the league the past few years and nobody has actually increased the bid on a match until this year. Also assume that the intent of the commish and rule-drafters are unknown.

Need help. Thanks.

[the lone star]

Any insight fellas?