The next version is going to be slightly different, but similar in the the key points (including default players). Due to the nature of the rules, it's going to be a 16-team league.
Sadly, not everybody in this version will get to play in version 2. The only fair way to choose the 16 owners for the next version, is to base it off of the order of signup for version 1. So the top 16 listed in the sign up thread will get an invite. If one person opts out, then #17 will get an invite and so on. I apologize to anybody that is outside the top 16 that doesn't get an invite. The next 24-team version, those that missed out will get invited before going public.