We should Definitely try and get one going....it would a lot of fun and this would be a long term kind of thing so if someone decides to rebuild it might actually work and make sense....i have been following the HFNHL one on the boards and i wanted to join that one but there are no opening which gave me the idea to try and make one here. I would help but would not be the commish.
But i believe you trade, draft, sign free agents and you start the year like the real nhl and it sims it for you. Then there are play offs and a Stanley cup winner...the draft is very similar to the real draft in the NHL, the same draft class + same system, so the lower you are the better you draft....I believe this is how it somewhat works
and the link above is the league that hf boards has had going for 14 years