I have been and am still a commissioner of a long time league for over 13 years. I started the league with close buddies and due to various reasons(by the owners themselves), we have had several turnovers throughout the years. We too have a long waiting list of owners just scratching at the door trying to get into the league.
I have had to endure many difficult decisions over the years for what was best for our league. Because the league was made up of close friends originally, I was lenient regarding fees/payment, (i.e "can I pay you next Friday"), for too long. A couple of years, we had owners not pay their fees in full until the end of the season. This would infuriate me but more so, embarrass me for allowing this to happen. I even ousted a couple of owners due to their laziness about paying on time. These were good competitors, #### talkers and very involved guys and were not easily replaced with the same type of involvement. Of course they were upset and have never spoken to me since.
To attempt to remedy this, I quickly wrote bylaws about payment and posted a "zero tolerance" message to every current and future owner. Every once in a while, I will still get a ("can I pay you next Friday") routine. That's when I have to perform a gut check and really know the circumstances before I make a decision.
Where is this going.....
I explain this because, If you are running a league you have to ask yourself what is best for the league. A late payment and friendship and good competition, or boot out and roll the dice on the next owner being a better fit are hard decisions to make sometimes. Not everyone wants or can be commissioners for these reasons.
If the owner you had for 5 years was that bad and you have a long list of teams waiting to join, then why wasn't he/she replaced prior. If the owner has been in the league for 5 years then I assume the rest of the league is comfortable with him/her so why allow the boat to be rocked at this point. If what you say is true about the apologies from the owner, then I think the league should be allowed to vote on whether to allow him/her to return. The season hasn't started yet and sometimes you have to allow people to vent.
Remember, the draft and season is what we make of it each and every year. Sometimes they are EPIC, and other times they are DUDS. I have enjoyed every league I have been in and have learned tons of valuable information and how to better my league from each of them. I also have learned to be a bit more patient and understanding about the everyday lives of my friends, because #### HAPPENS and we have to deal with it.