No it doesn't The Guard as an organization is going bankrupt, they have all but 10 people as staff and will likely withdraw from the OWL and CDL this year as well.
They also just ended the contracts of everyone on the Valorant team and gave them severance pay, the reason they didn't sign the league participation form is because they knew they were going bankrupt and would have to close.
THE GUARD have nothing to sell to anyone not contracts or the slot.