I vote #2 as well. #1 is just getting a little too 'cute'.
Oh, and what's the plan on draft order for the FA draft? Amateur draft is straightforward, but I still think that the draft order, at worst, should be randomized for the FA draft. Last place teams aren't exactly FA favorites.
"Tact is the ability to tell someone to go to hell in such a way that they look forward to the trip"