The following is copied from the Manual:

PB Value Limitation: Starting after the Rookie Draft in the spring of 1999, Traditional perpetual teams will be required to have no more than 120.0 total PB value (20-team leagues limit 0.0, 24-team leagues limit= 115.0) after cutting to 27 players subsequent to the Rookie Draft. This limit will only be enforced at the time teams are required to cut to 27. After that point, the limit may be exceeded.

Am I just reading this wrong or is the above stated rule somewhat confusing/contradictory? Should we have this rewritten to avoid confusion?

And, most importantly, can anyone please clarify: what is the PB limit in a Trad Perp 24 team league?