As far as draft leagues go, I actually really like the $110M theme, but to me, drafts should almost be uncapped (and the rules should, in effect, limit the cap). In fact, for the $110M draft, all you really have to do is get enough top guys that you can reach the cap, wait till everyone else has made their picks, then fill out your roster with who is left. I only made my first 10 picks, then when I finished out my team, really there was maybe one guy (Ashburn) who I would have wanted and couldn't get.
Basically, I feel that the $110M would have been sufficient as a non-draft theme. Not sure if I'm making any sense, but just my thoughts.