Yes there will be a Second league for the playoff teams, provided there is enough interest.
My plan was to start it in late January, early February. If 7+ of the 12 eligible teams are interested, then it would go ahead, and owners ranked 13-24th would be called upon as replacements, if need be for any of the top 12 owners that were not interested.
Then the remainder, if interested, could compete in consolation round made up of the owners ranked 13-36th.