[Burt the Butcher]

I asked MFL what would happen if 2011 NFL Season is cancelled - here is their response:

How is MyFantasyLeague.com handling the possibility of an NFL strike or lockout in 2011?

We're hopeful that the NFL and the NFLPA will resolve their differences before the start of the 2011 season, and it will be business as usual for the NFL, us, and our customers. But, we understand that there is some uncertainty about the 2011 NFL season, so hopefully this will address some common questions.

In general terms, we're encouraging all customers to upgrade their 2010 league to a 2011 league and purchase it as they normally would. You're still free to make any off-season moves, message board posts, drafts, or anything else you would have normally done with the site.

In the event there is a lockout or a strike that results in the season being canceled, your payment in 2011 will be applied to your league in 2012. In the meantime, you would still have full access to your league all year round to conduct transactions and use the league message board and any other league functions as needed. Alternately, you could request a refund if you don't anticipate using the league in 2012 in the event of a strike or lockout this season.