You can sign them to one of the following contract lengths:

$6/1 year
$5/2 year
$7/3 years

These players can be placed on your minor league roster if you wish
without having to pass through waivers but remember that any player not
on your majour league roster next year will be eligible for the waiver
draft (except prospects).

You may choose not to participate in this draft by simply posting: "I
waive my pick."

Please do not add them to your team until Saturday and do not place
them in the staring lineup until Monday.