What is the correct value for a second-round restricted free agent tender?

The value of a second-round restricted free agent tender is set annually by the NFL based on a variety of factors, including the league's salary cap and the median salary of players at that position. For the specific year in question, the correct value was established during the NFL's offseason negotiations and updated according to the league's financial projections.

In general, a second-round tender allows a team to give a qualifying offer to a player that has significant implications for their future with the club. It also provides the team the right of first refusal on any contract the player may sign with another team, meaning that they can either match the offered contract or receive draft compensation if they choose not to match.

The $4.89 million figure accurately represents this tender amount for the second round in the latest season prior to your data cutoff in October 2023. This figure is intended to reflect the higher potential value assigned to players who remain with their original team and indicates the level at which the player is being valued. Higher tenders are associated with more experienced players or those who have made substantial contributions on the field, thereby demonstrating their worth.

Understanding these numbers is crucial for agents when negotiating contracts and advising their clients, as it reveals the level of investment franchises are making in