I could see it creating a loop. Let's say I like the guy you released and pick him up and someone else likes the player I released and it goes on till I believe that the last released player is better than the one I picked up initially.I don't think it would be that confusing. Most people aren't likely going to want to do it. Make it first come, first serve. Nobody is put at a disadvantage by another person dumping a player and going to the pool of undrafted players.
But I'm game for more rounds as well. I believe my proposal would be much easier and it doesn't contradict any specific rule or provision outlined in the beginning.
Or if we void any released player than it's not much fun either.
But I agree drafting for 8 man rotation is not ideal. Not many players that can play multiple positions.