I don't know. I set up a Yahoo Fantasy Football league for my firm on Friday, and I had no problem setting up the Live Draft for when I wanted it. (Next Thurs. at 12:00p et.)
I didn't know the commissioner could kick teams out. If that's the case, then just leave it the way it is.
Oh, and by the way, I don't mind next year if we get enough interested people for setting this up on CBS Sportsline. It may cost an extra $10-15 per person, but it's the nuts when it comes to FF.