Im only gonna post problems i see or things that should be clarified. Everything else is basically fine.
Draft:
maximum selection time of 2 minutes
Powerlist driven if user doesn't select in alloted time-
unless previous arrangements have been made with someone of power.
first round pick position determined by
user rank(?) just curious what you meant.
Trading:
No maximum trades-just as long as they dont get too out of hand.
trades have to be approved by a league commissioner-if it is say a first round robot for a third round robot-
you should have a darn good reason for doing so.
trades involve the exchange of one robot for another-
maybe some leeway, but this should be for like the hardcore statisticians 
Inclusion of a STAR team(Remains same) however, How do we determine order? Upon registration or will this be a "draft" as well.
Before each regional competition begins (and after league members are no longer allowed to make selections for given regional), League members would be paired up with a randomly selected "foe." They would compete with each other for the equivalent of win credentials (Win [2] - Loss [0] - Tie [1]). The league member that earns the most points of the two foes is the winner. Should the two parties earn the same number of points, they get a tie. If any league member receives a total of 7 win points, they are automatically added to the waiting list for the playoffs (discussed later).
---Are we going to do new selections before every regional? Its kind of confusing to me, i may be reading it wrong though. Just the way its written seems that some players dont have teams in a regional. Seems like a stupid question but a lot of work. Maybe we have every user pick one regional that theyd like to do per week and do it that way.
Rich Mans Tax-how do we go about selecting who the top 25 is?
And with the team selections-the predictions does everyone do every regional or one regional or...?
Playoffs-Nationals do you mean?
Im kind of sketchy in my questions, but some others may have the same thing, i have ideas, i just wanna get what you think out there clearer first.