The NBA Draft is an annual event where teams from the National Basketball Association select eligible players to join the league. Typically held in June, it allows teams to acquire new talent, often from college basketball or international leagues. The draft order is determined by a lottery system for teams that did not make the playoffs, giving them a chance to pick top prospects. Players eligible for the draft must declare their intention and meet specific criteria, such as age and experience. The event is crucial for teams to build their rosters and improve their chances of success in upcoming seasons.