PHI Griffins propose:

A player may only be protected three consecutive seasons by a single team, with the two exceptions noted below.
(In practice, this will limit NFL players to no more than 4 consecutive seasons on a fantasy team, with the following 2 exceptions:)

A) A “drafted” NFL rookie may be protected four consecutive seasons.
(In practice, this means when you draft an NFL rookie, you could keep him on your fantasy team for five consecutive seasons).

B) Each fantasy team gets one “franchise player” designation that they may apply to one player. This player is exempt from the aforementioned consecutive season limit. Teams may apply their one franchise player designation to the same player in consecutive years, without limit.
(In practice, this means ONE player can be protected in unlimited consecutive seasons by repeatedly using your one franchise player designation).

Nick proposes that players protected this year be considered as year one. Also, players that were drafted as rookies in 2008 and are protected this year by the original drafting team are eligible for exception A.