A Guillotine League (GL) begins with 17 teams. After each week, the team that scored the fewest points that week is eliminated from the competition.
When a team is eliminated, its entire roster of players become free agents, eligible to be acquired by the rest of the league. Waiver wire pandemonium ensues.
So, to recap, one of the original 17 teams will be eliminated after Week 1, which means 16 teams will remain in Week 2. After the lowest scoring team is chopped in Week 2, 15 teams will be left standing in Week 3. This process continues throughout the season.
There are two GL winner formats to choose from: Final Four Playoff (F4) and Last Man Standing (LMS). Please see below for details.