1) As newbie "dead money", we made the decision to go to Vegas for the fun and sun. I would think that is a common theme for other "dead money". I met a lot of first timers in my own league. So, I would think Vegas to be easier for the sharks.
2) If I were Crazy, I would be pretty upset that I could not drop the player I wanted in an attempt to improve my chances of winning (in a single league) as long as there was no evidence or perception of collusion. As dumb as the strategy and decision might be to the rest of us, he paid the $$$ and believes his strategy will improve his chances of winning. It is game theory and owners have to be prepared to act against the unexpected as long as the "unexpected" is within the rules. I think in this case, Crazy's decision was within the rules, absent the "commissioner's decision" rule which I am guessing Greg and Tom hate to have to use.
3) That said, NFBC has to protect against the perception of collusion as well and the right decision was made form that very important perspective. But it begs the question, "Where do you draw the line?" Tulo was pulled earlier when dropped in the Main Event. But when some newbie "dead money" team dropped D. Cabrera despite his reasonably effective stats, Cabrera was allowed to stay in the FAAB pool. He went for $459 the next week. Completely different, but there is some middle ground between Tulo and Cabrera that may need to be defined better.
A suggestion or solution might be a "no cut list" with pre-determined criteria. Then going into the competition everyone (including Crazy) knows who can and can't be cut and that the list has the potential to change over the season based on certain criteria. And that the "no cut list" is in effect in all leagues, not just the main. If then an owner wants to cut one of those players, we all know the player will not go back into the FAAB. No ambiguity.