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No it means that on the last day RFA signing period ends usually mid-April. It can be a UFA,RFA and a new deal by anyone not just RFA's. Just that the salary becomes locked in at the end of RFA signing period.
Right now the tender will be 19.33 million. So if one of the Top 5 (like Brady was) restructure it will drop in tender. Or if someone like Aaron Rodgers gets a new deal it could go up if he goes into top 5.
As do stand corrected and will change my post accordingly. I should have said it will only change if a Free Agent signs a new contract that puts them into the top 5. It will not go down.