It's 5 weeks, but the conversions don't happen until the following Monday. So the team that you were looking at probably won't be a bot until the 11th.
I don't know how much is changed when a team is converted to a bot. They might continue with their lineup, etc. in place. In the case of Celestial Fury, they have a lot of high-salary players, so they will be placed on the FA market, leaving just 5 players on the roster.
Also it doesn't appear that teams were bot'ified this week. This might have something to do with the playoffs. It would also be a way to prevent a new owner being assigned to a team that might win the playoffs and promote.