diff --git a/litellm/proxy/management_endpoints/team_endpoints.py b/litellm/proxy/management_endpoints/team_endpoints.py
index c9e3cd67154..582f5f8654b 100644
--- a/litellm/proxy/management_endpoints/team_endpoints.py
+++ b/litellm/proxy/management_endpoints/team_endpoints.py
@@ -536,6 +536,8 @@ async def new_team(  # noqa: PLR0915
     - model_tpm_limit: Optional[Dict[str, int]] - The TPM (Tokens Per Minute) limit for this team - applied across all keys for this team.
     - tpm_limit: Optional[int] - The TPM (Tokens Per Minute) limit for this team - all keys with this team_id will have at max this TPM limit
     - rpm_limit: Optional[int] - The RPM (Requests Per Minute) limit for this team - all keys associated with this team_id will have at max this RPM limit
+    - rpm_limit_type: Optional[Literal["guaranteed_throughput", "best_effort_throughput"]] - The type of RPM limit enforcement. Use "guaranteed_throughput" to raise an error if overallocating RPM, or "best_effort_throughput" for best effort enforcement.
+    - tpm_limit_type: Optional[Literal["guaranteed_throughput", "best_effort_throughput"]] - The type of TPM limit enforcement. Use "guaranteed_throughput" to raise an error if overallocating TPM, or "best_effort_throughput" for best effort enforcement.
     - max_budget: Optional[float] - The maximum budget allocated to the team - all keys for this team_id will have at max this max_budget
     - budget_duration: Optional[str] - The duration of the budget for the team. Doc [here](https://docs.litellm.ai/docs/proxy/team_budgets)
     - models: Optional[list] - A list of models associated with the team - all keys for this team_id will have at most, these models. If empty, assumes all models are allowed.