Comp picks ? Underhill thinks so...

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curious as to what "sign someone else" means

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In plain English, if a team loses more players that qualify as CFAs than it signs during free agency, that team is eligible to be awarded compensatory picks in the following NFL draft.

It is important to note that only certain players qualify for the compensatory formula. Those are only players whose contracts expire. Players who are cut are the most common example of free agents ineligible to become CFAs, but other methods of disqualification, such as a Restricted Free Agent not given a tender, also exist. In its most general sense, players only become Compensatory Free Agents if they are free to leave their old team against that team’s will.

Methodology
App. V, §2 lays out the process of calculating the value of CFAs. §2(a) begins the calculation as follows to all players in the league

Start with the Average Per Year (APY) of the contract signed.
Subtract from the APY any money that the compensatory formula does not count3.
Rank these players by adjusted APY in descending order, and assign points to each player, equal to [number of leaguewide players]-[rank].
Add anywhere from 25 to 100 points for players who played a percentage of snaps on offense or defense in the range of 25% to 100%. (Kickers and punters are given a different point addition unrelated to snap counts.)
Add 20 or 5 points for postseason honors as determined by the AP’s All Pro list, and the PFWA’s All NFL/All Conference list.
3 Prior to the 2020 CBA, it had been determined that workout bonuses, incentives, and salary escalators were common devices that the compensatory formula does not count. However, App. V, §2(a) of the 2020 CBA makes clear that these devices will now count if they are considered Likely To Be Earned, or are earned in the player’s first season of his new contract.

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1994
From 1994-2019 the Saints ranked last in compensatory draft picks with only 10. The Baltimore Ravens are at the top of the list with 50.Mar 12, 2020

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In its most general sense, players only become Compensatory Free Agents if they are free to leave their old team against that team’s will.

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Bell's value will be offset by Sanders. We should get a 3rd for Teddy, but if we get other picks they are likely to be 6th and 7th rounders

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