Well your character has to be on the server in order to use him in online team up modes. So by that knowledge they have to keep a constant update of him up there so I can see why you can only upload on at a time. I guess if your just doing the offline modes though you can create as many as you like. Maybe not though.
On a side note though I'm happy to hear how hard it will be to make a great player. Its going to take me awhile but I'm going to bump my way on up to kobe-level.

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