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The purpose of the NFL Draft is to select rookie football players for the league. This process serves several essential functions within the structure of the NFL. Primarily, it provides teams an opportunity to acquire new talent, allowing organizations to replenish their rosters with incoming players from college football. Through this mechanism, teams can strategically improve their lineup by choosing players who demonstrate the potential to contribute to the team's success in the coming seasons.

During the draft, which typically takes place annually, teams select players based on their needs and the players' performance in college. The order of selection is determined by a combination of the teams' previous season records, with the teams that performed the weakest receiving earlier picks to promote competitive balance in the league. This process not only helps struggling teams improve but also maintains an equitable distribution of new talent across all franchises.

In contrast, the other options relate to different aspects of team management and player contracts but do not accurately describe the primary function of the NFL Draft.