draft rights
Future selection entitlements
Draft rights refer to the claim a sports team holds on a player selected in a draft but not yet signed to a contract.
The team retains exclusive negotiating rights for a specified period: The Rockets still hold his draft rights.
Teams can trade draft rights like other assets: They acquired his draft rights in exchange for a second-round pick.
If the player is overseas or in college, the team may hold these rights for years before signing them.
- tradeExchange of commodities
- pickPointed breaking tool
- prospectPotential client or opportunity
- NBATop-tier American court league
- first roundInitial stage of competition
second round · contract · rookie · negotiate · option · swap · lottery · selection · asset · acquire · exclusive · protected · conditional · franchise · overseas · stash · compensation · waiver