We are one week in and this rule is already causing problems in my league. One team wasn't able to cut players in time for game time today. The auctions ended middle of the day on Saturday and they are on the west coast, so the timing is kind of hard.
Another team is going to start auctions 24 hours before games start on Thursdays, Sundays, Mondays, on the off-hand that someone ends up winning an auction right when players lock, causing players to just get benched.
I think we're going to have to move back not benching players, even though I personally believe having a team over limits is one of the 'worse' things you can do in ottoneu. As owners in my league have pointed out, it is entirely too easy to go over limits, and some leeway is necessary for a year-round multi-season game like ottoneu. I'd love to hear more thoughts on this, but I'll be removing the extra-punitive benching of players immediately.
Commissioners should always feel comfortable reminding owners to get under limits if they are being abused.