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im playing in my first dynasty league this upcoming season (1 Viewer)

Anytime you want......With rookie drafts some people hold off until close to the season starting, some can't wait and hold it right after the NFL draft, you could even do it before the draft. There are exciting benefits and challenges to all options.

Same with the initial draft.

 
Ours is the week after the nfl draft. I like it because it gets everyone excited about football for a couple weeks in April/May

 
We do our rookie/free agent drafts over the course of the summer.

In one league we do the following:

Round 1 Weekend after NFL draft

Round 2 First Weekend June

Round 3 First Weekend July

Round 4 First Weekend August

Round 5 after last preseason game and before week 1.

This keeps interest up all summer. Also, increases value of first picks in each round as "flavor of the month" prospects pop up through out the summer. This allows the bad teams to get better quicker by either using the pick or trading it for a higher value. If you do all 5 rounds at once the 3.1 would have very low value. But in the couple of weeks between the end of round 2 and the start of round 3, the 3.1 can skyrocket in value...sometimes to more than what a mid to late first round pick would bring.

 
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