Actual consolation playoffs
In larger keeper leagues with draft pick trading (for example: 14 team league, 8 qualify for championship playoffs), there should be an actual consolation playoff option to keep teams that did not qualify for championship playoffs engaged in the league and prevent tanking for draft position. In our league we would ideally have the 6 "non-playoff" teams (seeded 9 through 14 after regular season) compete in playoffs, and we would award the winner the 1st overall pick the following draft (and runner-up the 2nd pick, 3rd the 3rd pick, etc...). I reached out to Yahoo help and they informed me this is not currently feasible in fantasy hockey, and that i should submit this in the feedback page.
Russell Smith commented
Great idea! Fantasy football on NFL.com allows all teams to participate in playoffs. A championship pool and consolation pool for teams which did not make the playoffs