I recently joined a newly created league. When it came time for the initial draft, we had several teams which did not draft for themselves and apparently the computer drafted for them as each time it was their pick they took the full hour. Also, we're several days into our free agency period and they haven't used any of their budget to sign the players they've drafted and haven't bid on any players in free agency.

My question: what happens to the players drafted by these abandoned teams and the players preassigned to them before our initial draft? Are they automatically signed by the computer to one year deals, are they dropped and replaced by street free agents, or something else?