Update:
Its been a month or two since the project is over, so I thought I would give an update.
I ended up chosing to do a Fantasy Baseball league with C# ASP .NET to create the database.
I didn't start coding it until three weeks before the due date (two person team).
The project was a huge success. I was able to implement everything I wanted: user log-in, user registration, user home page, free agency, trades, statistics, team pages, draft/draft results, etc. The pages had huge similarities to those on CBSSportsline and Yahoo. I was able to implement everything I wanted to except for a live draft (a preranking was used instead).
Comparing it to other fantasy sites:
+ CBSSportsline blows mine out of the water. Both in visuals and functionality.
+ Visually, ours was much better than Yahoo (probably because they taylor their site to alot of those on dial up), but yahoo has better functionality.
+ Ours is much, much better than ESPN's both functionally and visually. Their site sucks. Looks like they should hire us.
I would give you a link to it, but the college blocks all access to any internal databases to any outsiders.
Thanks for the input.