38 on the Senior List is compulsory. You can't have more, can't have less.
8 Rookies maximum are allowed = 46 maximum list total.
Up to 2 eligible Veterans are allowed to be counted as outside the Senior List.
For each Veteran outside the Senior List you can take one less Rookie.
We have one eligible Veteran (Richo) so can have a maximum of 7 Rookies in 2010.
In 2009 we went one rookie short and had a total list of 45.
(Senior List 38, 2 Veteran Listed [Richo & Joel] and 5 Rookies).
The unfairness of in effect having a Senior List of 40 if you had 2 eligible Veterans was fixed by the rule change in 2009 where a maximum of 2 Rookies can be elevated before Round One for each eligible Veteran you don't have and without having to put a senior listed player on the Long Term Injury List.
We can promote one Rookie if we wish to before Round One.