Which performance-related criteria must be met for a designated veteran player extension?

The correct answer highlights that a designated veteran player extension requires the player to have met at least one maximum performance-based criteria. This criterion is essential for determining which players qualify for such extensions, as it reflects the player's contributions and effectiveness on the court.

The designated veteran player extension is a provision in the NBA's collective bargaining agreement aimed at rewarding top performers who have demonstrated outstanding achievement in their careers, such as All-Star selections or significant individual accolades. By requiring that the player has met performance-based criteria, the league ensures that the financial incentives tied to these extensions are given to those who have consistently performed at a high level, thus creating a strong link between player performance and contract value.

This emphasis on maximizing performance aligns with the league’s goal of competitive balance and rewarding excellence. It encourages players to strive for higher levels of achievement, thereby enhancing the overall quality of the league.