no. I wouldn't.
it messes with the integrity of the league and might cause some of your leaguemates to become disgruntled.
I believe that tactics such as this have led the nba, among others, to hold a draft lottery.
I would be inclined to have a rule in place that if anyone does that they automatically forfeit their draft position and get the last pick. it is one thing if you can't fill every single spot in your lineup, it is quite another if you just bench everyone.
not kosher imo
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Many posters could benefit from this