The NFL Live crew break down their favorite names and logos of the eight XFL teams. (1:14)

XFL teams will select 71 players apiece next week in the league's inaugural draft, according to a structure the league announced Monday.

The two-day event will take place Oct. 15-16. It will open with the league assigning one quarterback to each of its eight teams, followed by a snake-style draft that commissioner Oliver Luck said will "maximize parity and equity between the teams." Each selection will be publicized through XFL.com, as well as the league's Twitter (@XFL2020) and Instagram (@XFL) accounts.

"We spent a lot of time on this and I think we have a pretty good set-up," Luck told ESPN.

Approximately 1,000 players opted into the XFL draft pool by accepting the commissioner's invitations and passing a background check. After the initial quarterback assignments, the remaining players will be subject to a five-phase draft divided roughly by position groups: skill positions, offensive line, defensive front seven and defensive backs. The final phase will include players at all positions.

The XFL is releasing the names in the draft pool during the course of this week. The first batch of reveals included former Michigan State and Oakland Raiders quarterback Connor Cook and former Air Force receiver Jalen Rowell, a projected mid-round NFL pick in 2017 before he was required to serve two years of active duty. The league previously announced it had signed veteran NFL quarterback Landry Jones to a contract. Jones has not yet been assigned to a team.

The XFL administered a blind lottery to determine draft order. The Los Angeles Wildcats won and chose the first pick of the offensive line phase.

The D.C. Defenders will have the first pick of the skill-position phase.

Most draft-eligible players either played in the now-defunct Alliance of American Football and/or were released this summer from NFL training camps.

According to Luck, there will be a supplemental draft at the end of November for players who were ineligible to be drafted in October, either because they were on NFL rosters at the time or because they were a part of college programs. The XFL is not subject to the NFL's college eligibility rules and is open to signing players who are less than three years removed from high school.

Drafted players will be allowed to accept an NFL offer up until the start of XFL minicamps in December. Training camps will begin in January and the first games will be Feb. 8, 2020.