re: Fantasy Football - NFL league merger!
Waiver priority is worst to first. However, the highest bid overrides that. So someone that bid $10 on Ogletree but is lower on the waiver order would get Ogletree if everyone else bid $9 or less. If someone also bid $10 then it goes to waiver order, worst to first, worst being the highest.
I'll explain in more detail if that doesn't make sense.
That's a good question. Yes, if you don't get the player, you keep the money and any players that you were going to drop.