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I have the same problem. Even though i try to set the protection list so there will be a balanced roster size for old and new teams, some old teams may have more retirements.
And all the players from the folding teams go to the expansion draft which kind defeats having the protection list # set. I dont think you can change free agency years after youve started so that doesnt help.
Best i can think of is just releasing all players that are eligible for free agency right before you proceed to end of playoffs. I havent tried it yet but thats the only way i can think of to keep expansion teams from getting all the folding team players. Of course not much you can do if you have expansion before then. But thats the way it was back then. Several teams folded in 1871.
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