It's supposed to delay it a day after the draft, I there is obviously an error in that logic. I'll make sure that gets fixed.
On the draft schedule, my intention in scheduling it the way that I did was to make sure that folks in Europe are able to make their selections in a reasonable time of day, as well as the folks on the west coast. I also wanted to give plenty of time in the earlier rounds for people to make trades, etc, and in the later rounds push it along but not do more than 2 rounds in a day for those who have to set their list up overnight. Of course, having the scheduled time that your draft pick will fire helps you if you can't sit and watch the draft as it happens, and prevents anyone from getting upset because player X is holding up the draft.
That's the logic I used, but as always I can be swayed with a better idea!