The sink strainer (drain basket) is the chrome or stainless piece sitting in the sink drain hole. It catches food debris and seals the drain opening. Over time the plumber's putty underneath dries out, the rubber gasket compresses, or the locknut loosens -- and water drips from the bottom of the drain basket into the cabinet every time the sink fills. Replacing the entire strainer assembly costs $8-$20 and takes 20 minutes. You need plumber's putty, a wrench, and 20 minutes under the sink.