$50M Franchise League (Two rounds, draft a franchise with each of your picks. Teams can only be drafted once per round. Teams that are drafted in the first round will be eligible to be drafted once in the second round.
Probably worth thinking this one through for draft order. I assumed usual snake, but if you think about that - I'm not sure that's very equitable for owners in the middle. There's an obvious benefit at the top and then there's a benefit at the bottom, because you're picking at the top in round 2. Picking 12th or 13th two straight rounds, that could be a decent disadvantage. I'd have to analyze the franchises more, but the typical thought that you're getting the middle best available does not apply because those picking before and after you BOTH get a higher preference. Would have to run some numbers to think how that could be done equitably...