Best rules advice for building a 12-team keeper league?

Question

The league has been around for more than a decade. We voted to switch to a keeper league at the end of last season. I'm looking for online advice and/or tips to present the rules to the rest of the league.

The league scoring is standard.

Answer 1

you should only be able to keep up to three players, no more than one per position.   You then give up the draft pick that the player was originally drafted in.

Answer 2

I'll throw a little at this and see what sticks.  We just converted our 17-year league this year, so I'm in the same boat.

Keeper leagues and dynasty leagues have spawned some unusual hybrids.

The key is in the keeper by-laws.  We elected to go with the "two-round rule" as payment for the keeper in question.

We keep ONE player.  I think keeping multiple players is fine, but penalizes managers who catch the injury bug.

We also have been wrestling with how to assign a draft pick price on undrafted players, or players that were drafted but were jettisoned to the waiver wire.  We ultimately decided to charge a 10th round pick for undrafted players.

(The guy who picked up Ryan Grant last season of the wire is golden.)

Dave Richard's article attached may be of some help in calibrating your thinking.