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1) Yes, you can determine all the aspects of your new team.
2) The best way to expand would be to add an expansion team in each league so that both are at 16 teams - adding just one team would create serious scheduling headaches, as there would have to always be one team not playing during a given 3-4 day span (unless you want it that way for some reason). You may wish to realign each league into four 4-team division, as well, similar to the NFL's structure. But that's not as important as making sure the overall number of teams isn't an odd number.
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