FC,
Yeah, everyone can have the OSU anything they want. Since there are so many combinations and permutations of 4 and 4, you can buy any teams you want. The one thing I don't quite get yet (guess I have to read the rules) is if you can have the same offense and defense, or if you have to use, say, the OSU offense OR defense for a week. Guess I'll read it and find out.
But yes, there is no "draft" of teams where 1 owner=1 team, which is nice.