ok, maybe trading future draft picks might not work. But I really think having the ability to trade your current seasons pick makes a ton of sense.
I think the draft should happen right before the regular season starts, so that you have the entire pre-season to decide on if you want to trade up or down or completely away your draft pick. This would make the draft easily the most exciting time in puck dynasty for sure.
And I think just like in NHL every team sees the exact same players, their opinions might be slightly different, but certainly everybody knew about Sid the kid, and the Great One. This way you have a very good idea what you are going to get with your first pick. Esp if you are in the top 5 or so. Having the ability to trade up or down a pick or three to get the type of player you really need (say a bruising power forward with a hard shot, or a power play specialist D-man). This would very closely emulate what happens in RL and would as I said make the draft as exciting for us as it is for Brian Burke! :) (ok poor example there in Burke!) lol