What if the amount of moves were limited that each team can make? Everyone here I think gets the concept. In a head to head league a team can add and drop as many players as he wants. If a team picks up 2 or 3 players per day it kind of gets a little crazy. I mean it's not like a regular team can take 3 guys per day off the waiver wire to contribute. If the moves are limited, drafting truly comes into play more, as does smarter waiver claims.
Also...what about sprucing it up a bit with a friendly wager? Like not $$$$, but what about an avatar bet? Winner gets to choose random avatars for posters over the course of say 30 days after the new Champs league Champion is crowned?