This is what I found in the original:
For future season draws 1885 will be a Free Agent season. 1 owner each year will be randomly chosen and that owner can draft 1 player from 1885 in exchange for Cutting their most expensive player going into the next season.
Also, I remember seeing that the following season draw can't be from the previous season so at least 1 season has to be skipped before it's used again. Still if any of these seasons are picked in season 3 you won't get much from them as they will all be picked clean. Hopefully 5-10 seasons down the line and the players will be back.