Honestly, I’ve never really liked the current arbitration system. I’d like a live system at the end of the season that bookends the draft at the beginning. So I propose a live arbitration snake-draft: Each team has $25. That means up to 25 rounds of allocations. Starting with the last place team, each team assigns $1 to $3 allocation dollars to any player on another team. A team can’t skip their turn. The result will be a more exciting system with tactical twists and turns.
Other than being live and following a snake-draft sequence, the arb rules would be the same. Each team must arb at least $1 to each other team. Once a team is arbed $33, they are off-limits.
Optimally, this could be an Ottoneu option for all leagues with the limits enforced programatically. I think it could be done off-line, assuming a league commissioner can apply the arb dollars.