I vaguely remember hearing that next year Riot won’t guarantee spots for tier 1 teams in the franchises anymore, is that true? If so, how will relegations work? Does anyone know?
I don't think relegation will happen because of poor performances rather poor decisions.
Example MIBR: They have been doing super bad their whole Valorant stint and they look to continue to do so but riot still allowed to be be Tier 1 but I would think they would continue to not invest in Valorant and use the money they get from riot and put it into CS then maybe riot would think about relegating them.
Ascension teams are different since they're weren't invited to the league and they made based on performances and not org decisions. And they will also get relegatee based on performances.