To the people who were all "WAIT WHAT WAS THAT LEAGUE YOU WERE DESCRIBING": It's a fantasy baseball league called The Wood, the Abad, and the Uggla (WAU).
It was started in Fall 2006 by 28 people on a then-active redsoxnation.net. Each person took a real life major league franchise, with full minor league system included. Two teams were contracted-- the Yankees (as a rule to protect competitive advantages-- each team got a realistic [for 2006] market salary cap) and the Cardinals (the last team remaining)*. I was one of the founders of the league, and am one of eleven (I think) original members still with the league today. There honestly isn't a lot of member turnover, though we recently got 4 or 5 new owners.
The league has full minors, salary caps, and aims to be as realistic a simulation of MLB general management as possible. There are three yearly drafts (AMAT, International Minor League FAs, and Rule V), plus full free agency and arbitration raises (determined by an in-house formula). Really, it's the single best fantasy league I've ever been in or could imagine being in. It's awesome, and stupidly in depth. The league uses AIM as official means of communication (which is why I had my AIM linked here before everyone was all 'ha ha who uses aim'), so it's usually pretty easy to get in touch with another owner to talk trade or whatever. The only issue with that is: Activity is a massive, massive must. Like, logging in mostly every day. Though the league does obviously remove inactive members, it's not crazy strict about it, and the league itself is immersive enough where inactivity shouldn't really be a problem regardless. At any rate: It's a pretty tight-knit community, which obviously goes along with communicating with a group of 27 people most every day for multiple years.
*In 2007 or 2008 my team (the Red Sox) "relocated" to St. Louis. This was because, in our AMAT drafts, we only draft through 4 rounds, and every player not taken after that is assigned to their real life draftees. The Red Sox were perceived to be really, really good drafters for most of the 2000s, and so it was decided that I'd get Cardinals auto-assignees from thereon out.