Oh man guys, it's almost here!  The time when I stop bothering you about rules for at least one season!*

I've got three final questions for you, followed by my quick pitch for keeping pick-ups.
If you want to see other options, feel free to let me know!
I do want to see it fairly simple to prevent multiple voting rounds, but if there is a desire out there we can accommodate.

When should pick-up keepers be allowed? (based on when they were picked up)
    a. Draft day through end of regular season. (no playoffs)
    b. Draft day through day 1 of NFL season. (no regular season/playoffs)
    c. Other.

What should be the baseline price for a pick-up keeper? (The amount entered into the first field of the calculator to determine keeper cost)
    a. 50% of the avg ESPN draft value.
    b. Other.

Do we want to allow people that currently have a 3-year deal to extend that deal to a 5-year (4 remaining)?
    a. Yes.
    b. No.

Some people put a lot of effort and thought into pick-ups. It's a major part of the game, and especially with the FAAB system it utilizes the core skill of risk management that fantasy football requires while giving everyone an equal shot at each pick-up. While you do have more recent information, that does not guarantee success (example: Brandon Jackson), it's just more info to consider in your risk analysis. With the draft we have a wealth of prior information to use as well, sometimes it works out, sometimes it doesn't. Finally, along with the 50% baseline, the absolute cheapest you're going to get to keep a pick-up for is about 60% of what their going for on ESPN. That's on a 5-year contract which is a pretty risky deal for a pick-up who likely does not have a long track-record. For example, if a player was picked up and is going for $60 this year, the minimum one would be able to keep them for is $36 ($30 base plus contract add), and then if the player ended up being a one year wonder, the owner would face stiff penalties/steep prices.
To summarize:

• Everyone has an equal shot at, and equal access to info for each waiver player.
• Both draft and waivers have prior info available, and in this system the draft is rewarded more for a good value pick (ex. a player drafted for $5 would have a base of $5 even if they were now going for $60, vs a base of $30)
• Under this system, pick-ups could be kept at a good vale, but not a great value unless the owner also took on great risk.

Now all we have left is the actually fantasy season, pfff, boring.

*not guaranteed.