I'm converting my long-time main league to a dynasty league this season. And when I say long-time, I mean it...I started this league in 1989. This is our 22nd year and we've made many changes along the way (IDPs, keepers, auction, etc.). I've also participated for the last 5 years in dynasty league (ConFusion) here at the Huddle so I understand how they work.
My question is what you experienced dynasty leaguers think is the best way to populate the initial rosters. When we started ConFusion we had a starting budget of $10,000 and we conducted an online veteran auction spanning 3-4 weeks. Whatever was left over you could apply to the Rookie Auction. It worked well. My main league has been an auction league for awhile so that would make sense to alot of the current owners.
I know some leagues do a serpentine veteran draft and then reverse the order for the rookie draft. Man, those early picks are really valuable though, aren't they?
Again, I don't need all the dynasty league rules, but I'd love to hear your comments on how to do the initial rosters and what's worked well.