The BBM draft is automated. Each night the game computer locks in each team's draft lists (only the lists to be drafted that night), calculates player salaries, and processes all of the rounds for that position's draft.
You'll be able to change your lists for that night's position and the corresponding salary cap until about 5 am ET the night of the draft. However, don't wait until the last minute, as access is not always guaranteed.
To prevent potential problems (a power outage in your area, inability to access the Internet, your coaching staff monopolizing your front office computer, etc.), please do not wait until the last minute to revise your draft lists.
Barring technical issues, draft results are normally available within an hour after the lists are locked in. Draft results will be linked on the daily headlines, and can also be accessed by clicking Draft Results on the League menu.
If a delay in receiving draft results is noticed, check the Diamond Club to see if others have reported the same issue. If there is a technical delay of draft results, and for any updates from BBM regarding it.