What is a Required Tender?

A Required Tender refers specifically to a binding contract that must be offered to players selected in the first and second rounds of the NBA Draft. This contract serves as an entry-level salary agreement and is part of the league’s collective bargaining agreement. Under the collective bargaining agreement, teams are required to offer these contracts to their drafted players within a specified timeframe.

This is particularly important because it guarantees that drafted players are afforded certain protections and expected salary scales set forth by the league. These contracts not only stipulate the terms of remuneration but also establish the framework for the player's relationship with the franchise, including potential options for future contract negotiations.

The concept of Required Tenders is crucial for understanding how NBA teams manage their rosters and salary caps, as it ensures a level of financial structure and fairness for newly drafted athletes. Other options do not accurately capture the specific nature of a Required Tender, as they may refer to broader contract types or agreements not limited to draft selections.