This league features 2 different leagues. Option one is a NBA money league allowing you to invest in other teams and option 2 is a free league where no money is required.
This league was created with the intention of having some fun regarding the NBA Lockout hypotheticals. Contraction, realignment, relegation and new contracts were all the rage of fans and critics of the NBA. With the NBA lockout over during the Thanksgiving weekend of 2011, these ideas were put together to form a new and exciting fantasy NBA league. The best teams of the lower league (fittingly called the ABA) will compete to earn a spot in next year's NBA. In order for relegation to be approved by big market owners, two teams had to be permanently excluded from relegation - the Lakers and Celtics. Many of the teams being sent to the ABA were persuaded to do the move by allowing them to send up to three players to the NBA teams in exchange for draft picks and have larger pro roster sizes.
H2H scoring system, multiple ownership abilities, relegation between NBA/ABA, free/money entry, variable salary caps, contracts, initial free drops (amnesty and get under cap drops), no extensions in league but plenty of FA compensation!
This is a very unique league looking for active and dedicated owners. The league is hosted on ProFSL and scores on Fantrax. Currently the Pistons ($50m cap) and the Jazz ($55m cap) are available. If you're interested come visit the boards here for full rules and sign up: http://www.profsl.com/smf/index.php?board=1556.0