Actually, I had been aware of the "Reserve" feature since Training Camp. I learned about it when Arian Foster went down and NFL Network's Fantasy analysts (such as Michael Fabiano) were saying you could draft Foster and place him on the Reserve slot if your league has one. I probably should've inquired about whether or not this league would have this feature prior to the draft.
As for the trade, I have no objections to that particular trade, but because of the Chris Paul trade fiasco a few years back in real basketball involving a Commissioner's veto, I am generally skeptical about Commissioners having unilateral veto power on trades, but I do know from personal experience that people generally don't give a shit about their own power to veto trades, because 2 years ago, I accepted a stupid trade in this league (the only detail I remember is that it involved the Patriots defense), not realizing how stupid it was until It was too late, and absolutely nobody voted it down to bail me out (I eventually cut my losses though).
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