Cool. This is what I'm looking at:
www.fantasyauctioneer.com
For $69.99 they'll run a live auction-draft and use RotoWire to run the league (stats, scoring, and all that stuff).
I've also looked at
www.fanstar.com ... a bit more expensive, but seems a bit more professional.
If you are interested, send me a PM.
I would want at least 10 players ... 2 divisions of 5 teams to do this. With 10 players at $10 each it's $25-$30 prize for first. FanStar allows up to 32 teams, which I think might be a bit too many. 16 teams is doable, with 4 divisions of 4 teams in 2 conferences. With 16 teams there is almost $100 in prize money and you could have a huge championship prize or smaller prizes split between the top two teams. And, if people pitched in more than $10, it could be a higher prize.
However, if nobody wanted prizes and just wanted friendly competition, the cost of the league could just be split and it'd be about $5 each.
Just PM me and once I get 10, I can get the thing started.