you'll see in roughly 7 or 8 hours from now. off season processing should start then.
however, to answer your question, i'd suggest you read the manual
http://www.buzzerbeater.com/community/rules.aspx?nav=Draf...to make things more easy for you, i've copied the part you need to read for you here:
The way the draft works is as follows: Right after the season ends 48 new players are generated for the draft. Each of the 16 teams in a league then get three picks in the draft, going in reverse order of season standings before the playoffs and before relegation. That is, a team who finished last in a league gets the first pick before being demoted. In the event teams have identical records, ties are broken by point differential (Points For minus Points Against) and then by Points For. After the order has been decided teams then pick their highest ranked remaining player as determined by their draft order when their turn to pick arises during the draft. The draft occurs during the offseason, two days after the league championship tiebreaker game.
regards
Mod-Revo
ps: this question has already been asked in another thread. might want to read the other threads threw before you open an new one next time ;)