Haven't read all the responses, but it's not gone.
Think of your computer as running from an "index" (NTFS for most newer OSs). When you "delete" a file, you basically erase the "index entry". If you white out an index entry in a book, does that get rid of what the index refers to in a book? Nope. Same way with a computer. That file is still there on the hard drive. There are numerous programs out there that allows you to recover "deleted" files. As a matter of fact, when working with my mom's computer, I learned the hard way about backing up files. I accidently deleted all her music, but was able to use a recovery program to get most of them back.
The only time the file is gone is if the computer writes over where the old file used to be, and even then some of the more powerful recovery programs can get most of the data back. I've heard a file has to be written over 5 times before it is truely gone.
If you really want to get rid of a file, get yourself a file shredder instead of using delete. A file shredder basically writes over where that file is stored on your computer 100s of times.
This ends your computer geek portion of your fantasy football forum reading.