Without knowing the specifics of the league, it's hard to say here: how many people draft in the first round? How many big stars get put back? That sort of thing.
In a general sense, I do like it. The two considerations I can come up with now are that if someone's worth a first rounder, the owners will keep them as there's no downside to keeping them. So, you're not getting Pujols or Hanley in the first round. But that should eliminate enough other owners from being there in that round that you could at least get your own players back.
If you think that's the worst case for you, I'd risk it.viewtopic.php?t=436297