Assuming you're being serious...
We have a draft (which usually involves a lot of beer). Many leagues use different rules, but I'll assume a basic league.
Our league has 10 teams...mine is Rich's RadDogs (see my avatar). We get to keep 3 players from the previous year (I kept LJ, Ronnie Brown and Carson Palmer). We draft 18 players...our league starts a roster each week of
QB (1)
RB (2)
WR (2)
TE (1)
W/R (1) this is an option of a WR or RB
W/T (1) this is an option of a WR or TE
PK
Def/ST (this is a team defense/special teams)
LB (1)
DB (1)
D (2) this is any defensive player
Bench (8)
Each week we have one head-to-head opponent. You get points for different stat categories (passing yards, TDs, rushing/receiving yards, receptions, etc.) At the end of the weekend the team with the most points wins.
Our league has a $100 buy in,
Winner of the playoffs gets $300
2nd place $200
3rd place $150
4th place $100
Top scoring team regular season $150
Top W-L record $100
If you want more information you can go to our league's info site...it's not completely up to date but
http://www.geocities.com/rbedgood/
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