Unfortunately, Yahoo doesn't allow non-participants to view a league while in progress (I know, because I asked).  So, I'll be providing period updates on how the league is going, as well as more in-depth and thorough monthly reports around the start of each new month. 
 

Here are the BEL standings as of today.  John Karalis from Red's Army is in the lead, but has also used the most games, which is something he might have to keep a close eye on as the season progresses.
 

1. John Karalis (RedsArmy.com) 76.5 points - 48 games used (+8 pace)

2. Ari Bluestein (SportsFanBase.com) 74 points - 43 games used (+3 pace)

3. Phil Partington - (Fantapedia.net) 73.5 points - 36 games used (-4 pace)

4. Ken Slight (BasketballMonster.com) 73 points - 43 games used (+3 pace)

4. Michael Vu (FantasySportsMatrix.com) 73 points - 43 games used (+3 pace)

6. Matt Satten (DroppingDimes.com) 65 points - 34 games used (-6 pace)

7. Zach Harper (TalkHoops.net) 61.5 points - 42 games used (+2 pace)

8. Howard Mash (GameDayDraft.com) 51.5 points - 26 games used (-14 pace)

9. Geoff Stein (MockDraftCentral.com) 50 points - 33 games used (-7 pace)

10. Matthew Hinzpeter (FantasyInsiderOnline.com) 39 points - 39 games used (-2 pace)

11. Patrick Lee (GOTathletes.com) 35.5 points - 28 games used (-12 pace)

12. Julie Simmons (SportsRefuge.com) 29 points - 31 games used (-9 pace)

Analysis:  Game management is crucial in leagues where there is a maximum limit set to the amount of games you can use. Make sure you know if you're in a league like that.  Yahoo public leagues have a limit.  On the one hand, you want to ensure you get in as many games as possible to give yourself the best chance to post the most stats.  On the other hand, getting too many games in too quickly means you're sacrificing playing your best players for players who might not be quite as good.
 

For the most part, no one's in trouble yet with games, but there are a few teams who need to watch themselves, especially the ones who are way behind or way ahead. 

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It might be significant to mention that only seven managers have made any kind of move and that five of them are the top five teams in the standings.  This season is going to be about playing the wire. With so many potential sleepers, it will be hard to imagine winning many leagues simply by your draft.
 

Here are some of the best pick ups so far in BEL:
 

John Karalis grabbing Boris Diaw and DeSagana Diop
Phil Partington grabbing John Salmons
Michael Vu grabbing Brendan Haywood

There were many other pick ups that could prove fruitful, like Julie Simmons' nab of Yi Jianlian and Michael Vu's pick up of Cuttino Mobley.