I basically made it happen last time. Molholt's idea but I did this write up and all and pushed it along. It's dead, I'm sorry, this is one mistake we should never make again.
I'll be honest, it really happened because we didn't have enough active members. And I still think that it kept things moving just long enough for the league to not die. Got us a couple good drafts in a decade where most were absolutely shit (imagine if it was like S58/S59 for the entirety of the 50s) and that was important but it was just that, a stopgap solution.
It's messy, it's unnecessary, and I appreciate the excitement about the concept because I have literally been in that position 2 years ago but its not a healthy addition to the league.