That looks right to me. Then go to "customize" and "manage custom roster" and "add tag teams to a custom roster". then add the team to your roster.
Thanks for the response.
My added team doesn't show in the drop down to add.
I just ran through the process and it worked for me. Select your custom roster in the first box and keep "**created teams**" on the box under that ("add tag teams from:") and hit submit, then every team you've ever created should be available to add.