My Propose is Hattrick system and I think its the most fair transfer system in whole world.
1. Every manager set Minimum Prize for his Player
2. Current Maximum Bid and the team that placed bid is visible
3. Next Bid must be higher minimum for some percent (2%,3%,4%,5%) than previous one
4. To stop "last second bid" Transfer Time-out extends for another 3 minutes if bid is placed < 3 minutes to Time-out (Time-out is 12:34:00, bid is placed at 12:33:12,than new time-out time is 12:36:12),until all give-up from bidding
5. Wage can be calculated from formula that include player rating,Experience,Age,CA,LA.
With this system we can get real auction,which is better than old one when player is placed for 500 000,then come guy place Bid to 3 000 000 to distract other players,wait until the end of auction and then set prize to 500 000 and buy player. It's stupid. One time placed bid could just change with higher one,not lower one. So admin must join to this polemic at the end,not just reading this and doing nothing.
This is chaos what we have now.