WAIT! I HAVE AN EVEN BETTER IDEA! (Picture Gene Wilder from Start The Revolution Without Me saying this. If you have never seen this movie stop whatever you're doing and watch it right now.)
D) Exclusive Players League - Everyone gets to pick two players that only they can have on their team. Those two players are not allowed on any other team. This makes a total of 46 players who are banned from any particular team. "But Midge," you say, "the first guy will take Wilt and LeBron and everyone else can play for second place." This is where I say, "once we have 24 people signed up for this league, we have a draft to choose exclusive players!" This means that after 24 people are in we randomly choose a draft order and begin picking exclusive players. Whoever picks 1st will also pick 48th. 2nd and 47th, 3rd and 46th and so on. The last guy to draft will pick 24th and 25th. This is where you say, "Midge, you're a genius!" Now you can have a parade in my honor and buy me beer.