I like the Robbie idea in its simplest form as it used to be done that way.
Round 1 is open pick, only 1 guy can be drafted per team and you only do protect picks in the even round, you don't have to submit protect picks before the draft begins.
I also might throw in only 2 total protect picks (round 2 and 4). Protect picks in rounds 6, 8, 10 and 12 are meaningless.