We've been running for a real-time year now, and entering the Free Agent period for 2007. League turnover sucks, but it happens everywhere. There are currently five teams available: Minnesota, Oakland, Atlanta, San Diego, and San Francisco.
Check out the league site at
http://hcbl.ootp-leagues.com and read the rules. It's especially important to understand the rules during free agency, since we have a detailed compensation procedure.
If interested in joining, send me a PM, e-mail, or contact me on AIM.