I really don't see why limiting waiver claims to 3 is an unpopular option. It introduces strategy to who the first pick decides to select. He will select less, no doubt about it. I would be afraid to "shoot my wad" too early, so I might let some good/decent ones pass early on, leaving them to be picked by the later selectors. If first pick uses up his three early, then second becomes number one, and has the same opportunity/dilemma. So on, and so forth down the line.