In a Free Agents Acquisition Budgets (FAAB) waivers system, each manager receives a dollar amount to place blind bids on waived players. The manager with the highest bid at the end of the waiver period claims that player and that bid amount is deducted from the team's acquisition budget. If multiple managers place an equal bid on a player, waiver claims are processed in waiver priority order and each successful claim moves a manager to the end of the waiver priority list.

We currently just use waiver priority, with the last manager to draft assigned the highest original priority and the first to draft the lowest priority.  To make the proposed change would place all managers on equal footing to bid whatever they wished for a player on waivers.

Adds a new wrinkle and could be entertaining.