Opinions on this Fantasy Football Keeper League Format?

Question

12 teams, 4 divisions, 3 teams per division

Playoffs are similar to an NFL conference. 4 division champs and 2 wildcards.

Divisions are same every year to build rivalry.

QB, RB, RB, WR, WR, TE, Flex, K, Def

7 bench spots

We decided to use a contract format for our league.

For the first year in the draft, your team gets a 3 year contract and two 2 year contracts to issue to players.. All other players are free game like normal. Every year, teams are reissued one 3 year contract and one 2 year contract, so ideally a team would always have someone on a 3 year contract and two players on a 2 year contract.

Players are fully tradable, including players who are contracted on your team. Also allowed are trades of your future draft picks no farther than 2 years ahead, AND you can trade away next years new 2 or 3 year contract to another team.

First draft is standard snake, all drafts afterwards are line drafts starting with last place

Of course we're doing this for lots of $$$...

Answer 1

Sounds like you have thought things out failrly carefully. My only recommendation would be to limit trades of draft picks to the next year's draft as upposed to 2 years down the line. It is easy enough to loose track of traded picks for the next year, let alone two years away.

Answer 2

It sounds good, but I'd want to be very sure my league was well established.  The set up could prove disastrous if even a couple of people make some stupid moves and then bail out.  The drafting procedure helps a little bit there, obviously.