Maybe this has been addressed before, maybe even I'm the one who brought it up, but refresh my memory: why don't we use a Free Agency/Waiver system as opposed to our Supplemental Draft system? If it's just your personal preference, Shane, that's fine, but if it's due to the logistics of doing it, I'll handle the entire system for you if you want.
My proposal would be that everyone clears waivers three days before lineups are due, at which point I would process claims. This is the same way it works for Fantasy FOotball, BTW.
Waiver requests would be processed in reverse draft order, so Mojo would have first draft priority. If both Mojo and say Jensen put in for the same wrestler, Mojo gets him. If nobody puts in for the wrestler, he can be picked up by anyone. Once Mojo gets his guy, though, he goes to the back of the line.
I know it sounds complicated, but it's not that bad.