You can bet we’ll see an auction feature for fantasy football released by Yahoo! this summer. If Yahoo! does it for fantasy baseball, fantasy football is not far behind.

It used to be that only the out of business soon to be resurrected, FantasyAuctioneer.com, offered online auctioning, until ESPN jumped into the business around 2006. This year Yahoo! has joined the party with an auction feature for baseball. Can Football be far away? From Yahoo! Fantasy Baseball 2010.

• Auction leagues. Finally, we’re auction-enabled. You’re free from the tyranny of serpentine drafts! (Although of course we offer those, too). In auction formats, every owner in your league will have the opportunity to acquire every name in the player pool. The auction room will look familiar…

…but you’ll nominate players and place bids while a clock ticks.

We’ll have plenty of time in the weeks ahead to discuss auction strategy – end-game spending, bid-jumping, varying cadence, etc. – but for now, please just know that auctions are available, they’re free, and they’re spectacular.

If the product is half as good as their marketing it sounds like leagues will like it.