The penalty for being late is 1 point per team, per day late. The penalty points will be cancelled if you get all SIX teams in by the last deadline.
(UPDATED!) The first deadline is Wednesday, May 15.
The second deadline is Monday, May 20.
The final deadline is Monday, May 27.
If you are behind on entering teams and not responsive to site mails, I will have to replace you. Owners who join with fewer than 2 weeks til the first deadline will be exempt from penalty points, but still will need to have all six teams in by the final deadline.