Been kicking around this one for a while:
A theme where owners draft 5 single-season real life teams from which to make up their rosters. It would be a 5 round draft: snake-style for the first 4 rounds, then in the final round the order determined by each owner's 4 teams' combined winning % (i.e., owner with the 4 "worst" teams drafts first in the 5th round, owner with the 4 "best" teams drafts last).
Single-season teams would be exclusive -- e.g., once someone took the 27 Yankees they'd be off the board. But any owner (even the same one who took the 27 Yankees) could then draft the 26, 28, etc. Yankees if he wanted. No limit on how many teams you draft from the same franchise.
Once you had your 5 teams, you would draft your roster using exactly 5 players from each of those teams.
Yes to DH (why not, everyone should have have an excess of innings/PA), no salary cap, no WW, no trades, no AAA.
Any feedback/suggestions? Has something like this been done before, and if so, how did it play out?