I really enjoyed it but I think there need to be tweaks to perfect it. It was really thought out though, so props to the rule makers.
1) I hope later rounds move to a best of 3 format. The games are ending right when I get invested and I think some outcomes would change if the games were spread out into rounds. They could do all round 1s, then all round 2s, and then, if necessary, all round 3s. That should get the players the rest they need between rounds.
2) They need to institute something similar to a transition take foul. Like those type of non-shooting grabbing fouls from behind should end up in some automatic points or a free throw attempt on every foul.
3) If the player on offense is waiting an unreasonable amount of time for the defender to walk to midcourt so the next possession can be initiated, the player on offense should be able to request the ball and start the play prior to the defender being ready.
4) I like the idea of having different "height classes". They could have the guard class which is limited to players 6'0" and under, and an all-around class which is open to all. Players can only participate in one or the other, not both. The all-around height class would be the bigger pot ($50k and $150k respective pots for example).