Nope, it tells you you will not get it. There was a thread months ago where we had someone join us after the season finished because of the messaging stating that joining the league forfeits your contribution from the previous league, see the screeenie from that thread.
I mean if the admin removes you it is not your fault. You should still get the league tokens you were supposed to get.
And you do, as long as you don't join another league. Keep in mind that people get kicked out of our league if they don't pull their weight, they get a warning, then if there is still no activity = boot.
