If you missed out on the DraftStreet promotions last year there is no need to worry because they are back again for the 2012-2013 season! DraftStreet turns the season long grind into quick hitting one night leagues and the best part is that you can win cash every single day. You draft a team for one night and get paid out as soon as the games end that night.

DraftStreet.com is at the forefront of this new trend in the fantasy world and is giving us a great promotion to kick off the season: a FREE one-day fantasy league with $300 in prizes exclusively for HoopsHype fans.

This free contest will be salary-cap style drafting where everyone tries to assemble the best team out of the available players. You will have a $100,000 budget to build a team of 2 forwards, 2 guards, 2 centers, and 2 utility players. Each NBA player has been assigned a price based on their expected fantasy performance. For example, this week LeBron James costs $22,070 where as Kris Humphries only costs $13,877.

You can adjust your roster up until the contest starts on Friday November 9th at 7:00pm ET at which time your rosters will lock and the Live Scoreboard will be available.

CLICK HERE to sign up for free and join the HoopsHype $300 Freeroll on DraftStreet.com.