Been kicking this around. Not 100% sure I'd be willing to do it but that doesn't matter if no one else is interested.
The basics:
5-6 owners take a team in a public-y world(meaning it could be private with no rules/screening process).
All teams must be in AL or NL.
The objective:
Completely turn over personnel to "make it your own".
In S5, the game begins and is over after S8.
Beat the other participants senseless.
A points system that would include record, head to head, playoffs and WS wins would be used to determine the winner.
How you achieve the objective is up to you. n00b-raping, tanking, anything but collusion. You know, the standard MO in 'tard worlds. But you cannot use a player who was on your roster when the game begins in the 5th season.
Would anyone be interested in the TWC? It would mean what amounts to an 8 season committment unless you cry "uncle" before them. Maybe a GC prize from the rest to the winner.