The ideas I have for creating an enjoyable atmosphere in the league are too far fetched to ever actually see happen. Especially in a league with this history. I love the GOMHL's idea of a TPE cap. I just hate the layout of the site over there. I think this site has a great layout.
I don't like the VHLM. I would much rather see a collegiate or amateur league where your player is expected to have a longer career. If I remember correctly a player is drafted after his first year? I think associating the "VHLM" with something newcomers could relate to like the NCAA or another amateur hockey association would benefit the league. It would make success at that level matter more, unlike it does now. It's easy to lose interest when all you care about is seeing your player succeed, especially in a hockey league.
I think longevity should be relative. I'm not completely sure how this would work, but it would surely be easier with a TPE cap. For instance say a player hits his 8th season. Take 10% of his TPE and let him chooses what regresses. If you capped a player at 500 TPE for example, take 50 TPE. But say that player was a league leader in points, goals, assists or hits. Instead of taking 10% take 5 for the top three that qualify for league leaders. Creates a better team building experience for an older free agent. Say in the 9th season of somebodies career we took 12%. For a top 3 leader you could instead take 6 % and allow that player to choose where he regresses. I think this would create a more competitive and exclusive "HOF"
I don't know, just ideas. I'd love to hear others.