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You can keep a maximum of 1 forward, 1 defense, 1 goalie, 1 utility (any position), and 1 rookie (skaters must not have played more than 40 combined regular season NHL games 25 for a goalie), PREVIOUS to the season just completed.
Use last year's pre-season ranks to determine ranking (Select last year's season then find your team to see those ranks)
Anyone Rank 190 and higher is a 20th. If you have two picks in a round, the LATER pick will be used for your keeper. If you want to keep a player but don't have the required pick, you can use an earlier pick instead (example: using 5th round pick to keeper a 6th round player)