I had no idea there were 49 Perfect Leagues, that does sound like too many. My team that isn't in OL was surprised at how weak the competition is in their first season in Perfect League, where I'm doing well despite a pretty mediocre starting rotation. I'm sure it's now pretty watered down, as the general population probably grows faster than the whale population.
OL Perfect .420 is incredibly competitive, as are any organized whale leagues.
I agree with the Champions League concept, as do many on the boards. They should really do this in OOTP21. I'm not convinced that it needs to be as complicated as you lay out. Just have 29 Perfect Leagues and the winner stays in Champions League, or 28 Perfect Leagues with the Conference winners staying, or 26 Perfect Leagues with the Final Four staying.
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