Just some things I came up with...

I find it really annoying that I want a player on another team and I work like 15 minutes on a trade but they would have more than 15 people on their roster or vice versa. I think they should be able to make the trade but the team with more than 15 should be forced to immediately waive a player. I'm not sure if Live 2004 PC has multiple-team trading, but trading is my favorite part is the trading, so I think they should allow 3 or 4 team trades.
Also, for Live 2005, there should be an option for not only a fantasy draft, but an expansion draft or both drafts before a dynasty. It would change the strategy in the fantasy draft.

I too would love to see that feature. It would make trades much more realistic: additional players could be thrown in to make the trade work under the cap, but would be immediately waived after the deal is completed.

Also, EA should bring back from NBA Live 98 where Dennis Rodman would have different hairstyles. Some people like Ben Wallace, Moochie Norris, etc. switch styles often. Also, some people don't always wear headbands, so they shouldn't always wear them in the game.

I like that idea too. But first I think we should have the ability to add or remove headbands to non-created players without the aid of a DBF editor. It's simple enough to do, but it would be much quicker if it was possible in the game.

I too would like to see this.