I voted "extremely lopsided trades should be vetoed." Not every trade is going to be "fair." In fact, most trades will favor one side or the other, I am well aware of that. But the DTKW thread this topic is derived from had this trade as its crux:
Team A sends:
Alex Rodriguez (1st, $35)
Grady Sizemore (4th, $19)
Billy Wagner (17th, $6)
Team B sends:
Ian Stewart (11th, $9)
Jacoby Ellsbury (4th, $30)
Matt Guerrier (15th, $4)
Jon Rauch (17th, $1)
Sorry, but that's getting vetoed by me 100% of the time.
And instead of re-writing my last reply, I'll simply re-post it here:
thedude: First, that trade, while certaintly unbalanced, would hardly make me not want to compete in the league.
Receiving Arod for basically free wouldn't be the end of the world, I agree. But it's a slippery slope to determine which extremely lopsided, unfair trade is the tipping point. Better to have educated league owners police the integrity of the league.
thedude: Second, if it is a serious league or a money league everyone should know what they are getting into. The serious leagues usually are the leagues where trades like this are not likely to occur.
In a serious league, everyone should know better, but not everyone will. Serious leagues can lose owners and the replacements could be relative newbies (which is exactly what happened in my main keeper league this year). Are you telling me that a serious league that has been going on for multiple years should be effectively ruined by ONE new owner getting hosed in a trade? Some of us like having fun, competitive leagues every year, and not having to compete against a team composed like Arod, Utley, Pujols, Hanley, CC, Lincecum, and Halladay every year for the next 5 years.
thedude: Third, unless there is collusion, it is doubtful that one owner will continually fleece the other owner. When the rest of league sees this they will undoubtedly offer trades to the "loser" of the trade. Since that owner will then have multiple trade offers to consider, he will choose the best and be less likely to get fleeced again. The free market in the works!
Ahh... a true believer of Milton Friedman. But the free market needs regulatory agencies, or chaos will run amok! Veto system is fantasy baseball's equivalent of the FTC.