So do our ranks reset?
Yes, your ranked statistics will reset according to your hidden MMR (Match-making record). If you are in Bronze but have the MMR of a Gold Division standard then you will be moved to Gold.
© 2014 Riot Games, Inc. All rights reserved. Riot Games, League of Legends and PvP.net are trademarks, services marks, or registered trademarks of Riot Games, Inc.