I'm intrigued by this, but will likely wait to see how it plays out. I'll be keeping tabs as you guys go. I'm not sure I'm big enough of a football guy for this.
Just curious, there is a text-sim called Bowl Bound College Football, it can have all 121 teams as human owners as well(it hasn't and won't be updated to have more teams.) There's also an exporter, to draft people from the BBCF league INTO FOF(not sure if it still works, it was for an older version.) Just throwing that out there, it'd be pretty cool to see a league like that on here. The gameplanning is very specific, and the recruiting is nuts too for BBCF.
I had the same problem, I right clicked and the option was under open. Can't remember if it said diagnose ___ or something else. But it runs a check and will fix it for you and then open.