Play nice boys. Don't make me turn this thread around.
On a more serious note, here's a link to the wiki for the 1995 expansion draft, should anyone want to peruse it and see what elements they like. Link
After reading that, my vote for expansion just be in 2 years where we have a boat load of FA's available, and then just incorporate the point system still, meaning any max deal goes to a team already established in the league, and then bidding happens then like this draft.