There already is, remember Middlesborough. I think they have got it right with the Carling Cup. Teams who have qualified for Europe don't come in till the later stages. It gives the lesser prem teams like everton something to do midweek. The big clubs use it for squad rotation proving in most cases there reservesw are better than most peoples first team, thenget serious in the later rounds and the small clubs make money. Keep it. The FA Cup was devalued when Utd declined to enter it, what next Clubs not playing in the prem so they can concentrate on the champions league !