Just an outsiders point of view, but unless you are content with 4 owners having 2 teams each, you might want to rethink some of the rule changes you have made.
Of course, everyone wants to hold on to as much talent as they can, so having 5 guys instead of 3 seems great to the franchises that have good ones available. Plus, getting to cherry pick a franchise great from the draft pool no matter how good your team might be, seems like a nice thing to be able to do.
Except, the franchises left are not very good and don't really have 5 solid keepers. Which by itself may be tolerable, but to know that a team is going to struggle to win games, could then see 8 or 9 of the top players get taken out of the draft by teams that are already loaded, makes it more like banging your head against a wall rather than being able to compete.
I would like to join this league, but not with the teams left with the rules set up as they currently are.