so it's different from the NCAA system.
Because you created during the season, you're considered a waiver player and can choose which team to sign with, but will be entered into the VHLM draft at the end of the season. Because you created before the trade deadline though, you'll be entered into the VHL draft at the end of the season too.
The VHLM has a 200 TPE cap. Once you earn over 200 TPE you go to the VHL. If you hit 200 TPE during the season though, you can bank it and keep on earning, then you go up to the VHL the following season