We did this league once already and all the previous owners are switching (ie., I had a pitching team before, so now I'll have a hitting team).
Anyway we have open spots for 2 teams - 1 hitting and 1 pitching.
Basically the idea is that Hitting teams can only spend a limited amount on their pitching staffs ($20 mil) and must have lesser fielders at each position, while having a pitcher's ballpark. Likewise, pitching teams have a $31 mil limit on their hitters and must have good fielders, while playing in hitter's parks. There's 2 p-teams and 2 h-teams in each division.
The first go-round was great fun and a real challenge. Sign up now if you want to get in on round 2. Post your name on the other thread ("Pitching Vs Hitting League Deux...the reverse")