we did one on Yahoo last year that i ran...i wouldnt be against running it again this year....however, it wasnt 'free' it was a 2 card donation, must be auto or jersey, one had to have a BV of $15 and the other $25....those were the minimums...
prizes were awarded at the all star break, and after the playoffs were complete...draft order was 1, 1, 2, 2, 3, 4, 1, 2, 3, 4 for a 10 team league, if we did a 14 team it would be 1, 1, 2, 2, 3, 4, 1, 2, 3, 4, 4, 3, 2, 1....all cards had to arrive prior to being able to draft...i think it ran fairly smooth, and not because i won at all star break, and finished second in the playoffs...
if someone wanted to run one like this id be down, or i could run it again....some people sent cards that had $40 BV, but i like to think of it as $15 and $25, we also had some cash buyins at $3 and $5, but id like to go full card...though the cash makes it easy to just paypal when selected in the draft...