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It means that a team has placed the price of a 1st round draft pick on a restricted free agent.

If a team wants to sign a restricted free agent with 1st round tender then it will have to give the player's current team a first round pick to do so.

Restricted free agents can be made offers by any team to sign. If the player's current team fails to at least match the offer then the player is free to go to a the new team.

If 1st, 3rd, or 5th round tender was placed on the player then the new team will pay the old team for signing the player with the respective draft pick.

(bbethel1)

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Q: What does it mean when an NFL team puts a first round tender on a player?
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