in re omar

the plan, as stated pretty clearly already, is as follows,
the way keepers are going to work
you are allowed to keep up to X players from the previous season. (X is to be determined). For the first retained year, a player costs you the pick at which he was drafted the previous year. if the player in question was a waiver pickup the previous year, he costs you your (to be determined -- either a set late-round pick or your worst available pick). if the player was drafted in a given year but you picked him up as a free agent, he can be retained (once) as a free agent. if you acquired a player by trade who was drafted by your trading partner, you can retain that player only at the round in which he was drafted originally, for the first year.

after one retainment by one team, a player thereafter costs that team's best remaining pick to keep, up to X players. if a player is not retained, he regains his eligibility to be kept at his draft value for one year for all GMs at the end of the season. this means a GM could conceivably not draft in the first X rounds, although you are free to retain anywhere from 0 to X players.

you are free to choose to retain no players and thereby lose no picks.