Let me start by saying that my following words are not directed at anyone in particular and certainly not meant to offend anyone.
I have always been dead set against league transfers. I believe that it removes the critical incentive for owners to improve their existing teams. Furthermore, it leads to a "squatting" element whereby we are simply rewarding tenure and the patience to stick something out.
I believe that the ability for teams to sign minor league players for minimal cost outside the normal draft allows any team to improve rapidly. Lastly, removing the draft bonuses should also allow cap strapped struggling teams to add better players in the draft w/o regard to cost.