Basic concept of the league boils down to two leagues combined into one.
The league will have two conferences with 12 teams each divided into three division per conference. Each owner will have 1 franchise in the Dynasty conference and 1 franchise in the redraft conferance.
Check out the full bylaws here
http://football5.myfantasyleague.com/2008/home/59026
If interested send email titled
Dynasty to negativism@yahoo.com for further info.