We were faced with this question several times last year. Most leagues wanted to both make owners pay a healthy ransom for protecting a player AND reward owners for finding diamonds in the rough. We think we found a solution that fits everyone's needs. It requires a bit of math, but provides a comfortable solution that meets the requirements.In order to protect a player, a team must give up a draft pick that is the square root of the round in which the player was selected. For instance, in order to protect a player selected in the 16th round, you must give up a 4th round pick (4 is the square root of 16). Since 1 is the square root of 1, you can always keep your first round pick. The number of players you may keep is dependent upon the size of your roster. Leagues with a roster size of 36, could keep 6 players, for example. Here is a chart of the required compensation for players:Round Drafted Pick Forfeited to Protect 1st - 2nd 1st rounder 3rd - 6th 2nd rounder 7th - 12th 3rd rounder 13th - 20th 4th rounder 21st - 30th 5th rounder 31st - 42nd 6th rounder 43rd or higher 7th rounder As you can tell by the chart above, you'd only be able to keep one of your first or second round picks since you only have one first round pick to give up. If you trade away your first round pick, you may not protect a player in that spot. Keeping players would be optional. If you elect to keep no players from a particular slot, you'd retain the draft pick. Players picked up off the waiver wire would be treated as a pick in the last round of your draft. Finally, the calculation would be redone every year and the revised assigned draft pick value would stick with the player. For example, a player is drafted in 2004 with the 25th round pick. He is golden so you protect him in 2005 by giving up a 5th round pick and for purposes of that season, this player is viewed as a 5th round pick. He continues to develop so in 2006 you have to give up a second round pick. If you choose to retain this player in 2007, you'd have to give up your first round pick. Teams may not trade for extra picks for purposes of keeping more than one player in a given slot. Traded draft picks that result in multiple picks in a given round are required to be used for purposes of drafting a player, not protecting a player. Under no circumstance would a player be able to be kept for four consecutive years without costing the team a 1st round pick to retain him. A separate category would need to be added on your team rosters - ROUND. This will assist the Commissioner in keeping track of that designation.Although not perfect, the Square Root Solution allows teams to get a year or two of tremendous value for players they draft late or pick up mid-season. It also allows for them to retain their studs. Yet, it also ensures that the draft is populated with exceptional players each year, also. We feel it escalates compensation and restricts uncompetitive dynasties in a way that is healthy for your league.