Blackwater has offered a two-year rookie maximum deal worth P5.4 million to second overall pick Bobby Ray Parks, Jr. on Thursday.
Team owner Dioceldo Sy said Parks stands to get P200,000 a month in his first season before earning P250,000 each month in his second year.
Fellow rookies Paul Desiderio and big man Abu Tratter, along with young playmaker Diego Dario, have also been issued tender offers on Thursday.
The sweet-shooting Desiderio and Tratter were acquired by the Elite after trading veteran slotman John Paul Erram to NLEX.
Desiderio and Tratter were selected fourth and seventh overall, respectively, by NLEX in the 2018 PBA Rookie Draft. Dario was nabbed at 26th overall in the third round.
Under league rules, PBA teams will have to issue tender offers to first round rookie selections within five days after the draft or they will be considered free agents.
While the trading of the vastly-improved Erram raised the eyebrow of PBA fans, Sy offered a lengthy explanation.
"Many people can't read and understand our strategies in our trades. We never gave up our first-round picks since (Mac) Belo and (Raymar) Jose the last two years," Sy told ESPN5. "Our improvement has been evident because we are on the right track."
The amiable Blackwater big boss stressed that Desiderio and Dario, former members of the UP Fighting Maroons who made a surprised run to reach the UAAP men's basketball finals, will surely infuse the collegiate spirit within the team.
"Our new additions like Desiderio and Dario from UP will give the team new fighting heart as they have shown in the latest campaign of UP in the UAAP," Sy explained.
"We hope the heart and fighting spirit of UP will be transferred to the Blackwater Elite."
Sy also mentioned the addition of Parks and Tratter, a 6-foot-5 former La Salle banger, should be enough to make up for the void left by Erram due to their youth, athleticism and power.