I have bowled in a couple: the way they worked was like this:
Let's assume you have 12 teams. The top 12 averages of bowlers who want to bowl the league are the team captains.
The lowest of the 12 averages drafts first, then the next lowest up to the highest average who drafts 12th. In the 2nd round, the highest average drafts 1st, then the 2nd highest. 3rd round goes back to lowest average etc.
You may draft anyone you want. The idea being however, with the 1st pick, the lowest average team captain would pick the best bowler available. If you always draft the best bowler available, each of the teams would be fairly balanced average wise.
The downside to this is, lets say it's your pick and the best bowler available is someone you totally cannot stand to bowl with. Well, you can chose someone else, but your team is weaker average wise as a result.