Free league: Auction draft + Point-based scoring on Yahoo
I set up a league with this format last year and it was a huge success. There are about 6 openings, but if there's enough interest across the few places I'm seeking members, I might start a 2nd league divided by experience level.
*live AUCTION draft* - date/time to be determined, currently gathering input from members for what works best with their schedules. Be sure to post your preference on the Yahoo message board if you join. As of now, most popular day seems to be Sunday 9/27, Tuesday- 9/29, Wednesday 9/30... If Sunday, possibly during the day. If Tue/Wed., probably around 8:15 pm Eastern.
------------------------------------------------------------------------------------------------------ Point-based scoring (easier to read if you click the above link), no head-to-head matchups
May seem a bit confusing with PPG and PPA being fractionally negative, but basically if you factor it in with the +/- value, Even-Strength Goal is worth an extra 1 point and Even-Strength Assist is worth an extra 3/4 point.
Short-handed goal worth 25 points in total while Short-handed assist worth 15 points in total.