So when I bought a house - I shopped around for a couple months before you found one I loved. Once I found one, I made an offer fairly quickly, I was nervous, I was calling my agent twice a day to see what the status was, trying to get the sellers to agree my offer, before another potential buyer could come in with a higher amount.
But what you're saying is, when you guys bought your house, once you found one you loved, you sat there, waiting, until somebody else also liked the house and made an offer. Is that what you did? Or did you evaluate the house, and then made an offer below fair value, in anticipation of negotiating to a common ground which you both thought was fair?
In which scenario do you offer more money - one where you are the only bidder, or one where you know somebody else is making another bid?
What you're describing is unrestricted free agency. What if I were selling a house that you were trying to buy. I tell you that if I negotiate a selling price with someone else that you can match if you want and buy the house. The other bidders also know that you can match if you want. Would you bid on the house first or would you wait to see what others might offer for the house? If you thought other people might bid between $300k and $600k on the house what would you offer for it? You want to pay $350k but are willing to go up to $450k. Do you offer $400k? What if there are no offers on the house? You've just spent an extra $100k. And if there's half a chance someone will offer $500k do I take your bid of $400k instead of waiting? If so, why?
No - you offer the lowest reasonable amount. Why allow anyone to drive up the price if you don't have to? The seller has the interest to do this so that they can move on and other intangibles.
I think because he's restricted is the exact reason the other teams bid will be higher - trying to avoid the C's from matching it.
BBD could sign (I'm not saying he would) - if the C's courted him, and offered a contract now - so he can move on with his life, get a signing bonus, etc. Money is important, but maybe BBD like what he has here, and would be willing to sign a contract for a reasonable amount before hearing offers from other teams. I'm not saying this has to happen, or would happen, but it doesn't seem like they even tried.
I'm 100% certain other teams are interest in Davis, but they're battling over if it's worth giving him an offer that the C's wont be able to match? (which would be at least $4 million imo). So basically if a team were to give BBD's an offer, they are forced to over pay in order to avoid the C's matching- as it's pointless to give an offer you know the C's would match. So no matter what, BBD will be overpaid.