Abandoned team w/39 of 40 players - how does draft work?

The default settings when a new owner takes a team allow that owner to make one round of cuts with no penalty. It doesn’t matter when in the season, I believe. But for sure these cuts are automatically allowed in the off-season before the draft. The commissioner can change this, of course, but it is pretty standard that a new owner makes penalty free cuts before the draft.

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