If a Team has made a Required Tender to such a player and the player has not signed a Player Contract within the period between the Initial Draft and the Subsequent Draft, the Team that drafted the player shall lose its exclusive right to negotiate with the player and the player will then be eligible for selection in the Subsequent Draft.
https://atlhawksfanatic.github.io/NBA-CBA/player-eligibility-and-nba-draft.html
This is what I found about the topic but IDK how accurate it is.
Is this up to date? It seems it was last updated for the 22-23 season before the newest cba took effect.