How long is the one-year offer tender for a Franchise Player based on?

The one-year offer tender for a Franchise Player is indeed based on either 120% of the player's prior salary or a figure calculated through the Collective Bargaining Agreement's (CBA) formula, whichever amount is greater. This approach ensures that the player receives a significant remuneration that reflects their past earnings while also aligning with the league’s standards for compensating elite players. The establishment of the tender amount guarantees that Franchise Players are rewarded in relation to their previous performance and the market value of similar top-tier players.

The other options do not accurately capture the method used to calculate the tender for Franchise Players. The negotiation terms set by the league, while important in various aspects of player contracts, do not dictate the specific financial terms of the Franchise Player offer. A flat rate determined by the team's management overlooks the individual player's value and the set requirements of the CBA. Lastly, the average salary of the top players in the league is not the definitive basis for the tender, as it does not account for the specific individual player's previous salary and performance as mandated by the guidelines for Franchise Players.