I'm a Yahoo commish and told all my GMs that we wouldn't hold the draft until the lockout was over...that was before I realized that Yahoo still doesn't allow you to pick a draft date later than Oct 11. That would be terribly lame to be forced to draft and then do nothing for a couple of months. Interest in this year's pool is already down, I'd imagine the enthusiasm would be even less if everyone set up their teams and didn't visit the website again until December.
Here's a help article I found about Yahoo's lockout management policy:
http://help.yahoo.com/kb/index?page=...RTS_FAN_HOCKEY