I started a historical in 1996 and I think back then it was 10 rounds - I usually only had enough players for 6 to 8 rounds. At some point, it changed to 7 rounds (or maybe I changed it manually before it was set to happen) and I usually had enough for at least 6 rounds, sometimes 7.
I never really thought it was a huge deal as I really had not seen any players picked in the 7th round (or the 6th) that had any impact in historical. There's probably not that many after round 4 either.
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