Throughout Chris Ballard’s short tenure as general manager, it has been shown many times how much he and the front office value picks in the NFL draft.
Even so, it doesn’t appear the Colts will be receiving a compensatory pick in the upcoming 2020 NFL Draft in April. Because the Colts didn’t lose any big-time free agents and because they signed a few players, they weren’t projected to receive one of those compensatory picks form Nick Korte of Over The Cap.
The Colts did get a compensatory pick during the 2019 NFL Draft. After they lost Donte Moncrief to the Jacksonville Jaguars the year prior, it resulted in them getting a fourth-round pick.
However, the same likely won’t be said about this year’s draft. They brought in wide receiver Devin Funchess and defensive end Justin Houston during free agency in 2019.
The Colts are currently staring at nine picks in the 2020 draft. Three of them are from trades with the Washington Redskins (second round), New York Jets (sixth round) and Miami Dolphins (seventh round).
Even with a surplus of picks, the Colts like to acquire more selections. With a need at several positions, it wouldn’t at all be a surprise to see Ballard add more picks to his current total.
Regardless, the Colts will go about this offseason likely without the chance to get an additional mid-round pick from the compensatory formula.