When finished:
You must be within $1M of the cap.
You may have no more than 2 forwards on ELC's.
You may have no more than 2 defense on ELC's.
You must have a full 23 man roster including scratches.
Move the remainder of your selections to LTIR (not on final roster).
Set lines and defense pairings.
This is intended to be done in one sweep. Start with any team and make selections alphabetically by team. If there are players you have in mind for later, you may want to pick lesser players from earlier teams.
Mistakes are okay, but don't redo your selections. You'll set your roster from the players you selected and sacrificing some of your picks while making final choices is part of the exercise.
(Think of it like having a 32 player training camp and making final cuts. As you can see, I made a number of selections I had to cut and send to LTIR to be compliant).
It's more interesting if you include descriptions, but you should at least include rules or a link to this thread if posting a team.