Tag: Compensatory Picks

Packers projected by OTC to get 3 compensatory picks in 2024 draft

Over the Cap’s projection has the Packers getting three compensatory picks in the 2024 draft as a result of losing Allen Lazard, Jarran Reed and Dean Lowry in free agency last year.

Losing Allen Lazard, Jarran Reed and Dean Lowry in free agency last spring is projected to earn the Green Bay Packers three compensatory picks in the 2024 NFL.

Over the Cap’s final projection has the Packers getting a fifth-round pick for Lazard, a sixth-round pick for Reed and a seventh-round pick for Lowry.

Lazard signed with the New York Jets, Reed signed with the Seattle Seahawks and Lowry signed with the Minnesota Vikings. Their departures in free agency should give the Packers three extra picks on Day 3 of this year’s draft.

The Packers did not sign a free agent that would qualify on OTC’s cancellation chart used to project compensatory picks. Also, the Packers are not projected to receive a pick for losing Robert Tonyan to the Chicago Bears.

To replace their departing free agents, the Packers drafted three receivers (Jayden Reed, Dontayvion Wicks and Grant DuBose), two defensive linemen (Colby Wooden, Karl Brooks) and two tight ends (Luke Musgrave, Tucker Kraft). Six of the seven rookies were key contributors for the Packers in 2023.

Last year, the Packers were awarded a fifth-round pick and a seventh-round pick after losing Marquez Valdes-Scantling, Lucas Patrick and Chandon Sullivan and signing Reed.

When are compensatory picks usually announced? Last year, the league awarded picks on March 9.

Since 1994, the Packers rank third in compensatory picks awarded with 49.

Commanders not expected to receive any compensatory picks in 2024

No compensatory picks for the Commanders for 2024.

The Washington Commanders received two compensatory picks in the 2023 NFL draft. Washington selected Arkansas center Ricky Stromberg with the third-round compensatory selection it received when the Jacksonville Jaguars signed guard Brandon Scherff last offseason.

The Commanders also received a sixth-round pick due to the Bills signing defensive tackle Tim Settle. However, Washington traded that selection on Day 3 of the draft to move up in the fifth round to select Clemson defensive end K.J. Henry.

As for 2024, it doesn’t look like the Commanders will be receiving any compensatory picks.

Lance Zierlein of NFL.com recently previewed which teams would receive compensatory picks in 2024, and the San Francisco 49ers led the way with five selections.

The Commanders are one of 19 teams that aren’t expected to receive a compensatory selection next year.

Washington’s free-agent losses this offseason, quarterback Taylor Heinicke and Cole Holcomb, were offset by other signings, such as Jacoby Brissett, Andrew Wylie, Nick Gates and Cody Barton.

Zierlein explains the formula for determining compensatory selections.

Teams are awarded compensatory draft picks between Rounds 3 and 7 based on a league formula that takes into account a player’s average salary per year (APY), snap count and postseason awards. While there is an expected level of compensation for a player based on the amount he has signed for, his playing time (or lack thereof) in the upcoming season could alter the expectation.

Free agents can now sign without impacting compensatory draft picks

After 4 pm eastern on Monday, May 1st, NFL teams can sign veteran free agents without affecting potential 2024 compensatory picks.

The Minnesota Vikings left the NFL Draft with six draft picks and 15 undrafted free agents this past weekend. While the Vikings filled some of their needs, they may look toward free agency to continue building their roster.

NFL teams can sign free agents without affecting potential compensatory selections in 2024 starting on Monday after 4 pm. This entices NFL teams, including the Vikings, to fill the remaining needs on their team without hurting their chances of getting compensatory picks next offseason.

The Vikings may take their time due to their current cap situation. They currently have just over $1 in cap space and still need to sign their rookie class to contracts, which is projected to be a little under $7 million in cap space.

To create more cap space and fill the remaining needs, the Vikings will need to get creative. But when they do, they can sign players without the risk of losing their compensatory picks.

According to Over The Cap, the Vikings aren’t in line to receive any compensatory draft picks in 2024.

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Jaguars currently projected to have 11 picks in 2024 NFL draft

The Jaguars are expected to have a lot of draft picks to work with in 2024, as well.

The Jacksonville Jaguars set a franchise record over the weekend with a 13-player draft class, the largest ever for the team. The Jaguars are set to have a ton of draft ammunition in 2024, as well.

As of right now, the Jaguars own nine picks in next year’s draft — their original seven selections as well as extra fourth- and sixth-round picks they acquired from the New Orleans and Carolina Panthers, respectively.

Barring an outrageous scenario where Calvin Ridley doesn’t make the 53-man roster in the fall, one of those nine picks (a second-, third-, or fourth-rounder) will be sent to the Atlanta Falcons.

But two or three picks will be headed back into Jacksonville’s stockpile next spring when the league announces compensatory picks. A third-rounder for Jawaan Taylor seems like a guarantee and a sixth-rounder for Arden Key looks highly likely.

The question mark is whether the Jaguars will get a seventh-round pick for losing Marvin Jones Jr after he got a contract from the Detroit Lions that is teetering on the edge of being not enough. For now, Over The Cap projects the loss of Jones to net the Jaguars the Mr. Irrelevant selection next year.

Here are the Jaguars’ projected picks in the 2024 NFL draft

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Chiefs projected to receive two compensatory picks in 2024 NFL draft so far

The #Chiefs have done an alright job navigating this offseason as it relates to 2024 compensatory picks.

The Kansas City Chiefs have done an alright job navigating the 2023 free agency period as it relates to compensatory draft picks for 2024.

According to Over The Cap’s Nick Korte, the Chiefs are projected to receive two fifth-round compensatory picks in the 2024 NFL draft as a result of their free agents gained and lost. Kansas City has lost six qualifying compensatory free agents: Orlando Brown Jr. ($16M), Andrew Wylie ($8M), JuJu Smith-Schuster ($8.5M), Juan Thornhill ($7M), Mecole Hardman ($4.5M) and Khalen Saunders ($4.1M). Meanwhile, the team has gained four qualifying compensatory free agents: Jawaan Taylor ($20M), Charles Omenihu ($8M), Drue Tranquill ($3M), and Mike Edwards ($3M).

Contracts for Brown Jr., Wylie, Hardman and Saunders cancel out the contracts for Taylor, Omenihu, Tranquil and Edwards in the compensatory pick formula, leaving Kansas City with two projected fifth-round picks for the departures of Smith-Schuster and Thornhill.

The Chiefs signed DT Byron Cowart, but his contract is not worth enough to cancel out any of the qualifying free agents lost. The inverse goes for the Denver Broncos’ deal with FB Michael Burton and the Dallas Cowboys’ deal with RB Ronald Jones. That could certainly change depending on their performance and playtime in the 2023 NFL season. That previously happened with Damien Wilson, for instance. He signed a non-compensable contract in 2021, but he played enough for the Panthers to earn Kansas City a comp pick.

Kansas City could be due for more compensatory picks in 2024 as they still have several free agents available who could sign with other teams after the draft. Guys like Carlos Dunlap, Justin Watson and Jerick McKinnon still remain free agents. If those players are signed to qualifying contracts before May 2, they’ll be eligible to earn the team another comp pick. Conversely, if the Chiefs sign any players to qualifying contracts before May 2, they could eliminate one of the two compensatory picks they’re currently projected to receive.

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2023 NFL draft: Chargers awarded no compensatory picks

The #Chargers will have to wait until 2024 to receive any compensatory draft picks from the NFL.

The Chargers didn’t get any help from the NFL relative to their draft capital in 2023 after they were not awarded any compensatory picks for players who departed from their roster in 2022.

While the league’s new compensatory pick formula may not suit Los Angeles’ agenda this season, their salary cap situation will almost certainly necessitate that they let several players walk when free agency opens later in March, which will set them up to be awarded more selections next year.

For a team that needs as much young talent as they can find before they extend Justin Herbert on what is set to be a gargantuan second contract, this development is far from ideal. However, it won’t necessarily hamstring the team as they look to reload in search of their first playoff win since 2018.

L.A. still has picks in all seven rounds of the 2023 draft and will have the No. 21 overall selection in the first round. If they can find an impact player to fill needs on either side of the ball in any round in their rookie season, it could go a long way toward getting the Chargers back to legitimate contention.

Jaguars’ 13-year streak without compensatory picks likely ends in 2024

The Jaguars weren’t awarded a compensatory pick for a 13th straight year, but that streak probably won’t reach 14.

The NFL awarded compensatory draft picks Wednesday and, like every year, the Jacksonville Jaguars didn’t get any.

While the San Francisco 49ers and Los Angeles Rams led the way with four new picks each in the 2023 NFL Draft, the Jaguars haven’t been awarded an extra selection since they received a sixth-round pick in 2010.

The reason is pretty simple: Jacksonville’s recent draft history has been atrocious.

Compensatory picks are awarded to teams that suffer net losses in free agency, and the reality is that the Jaguars haven’t had many departing players good enough to cash in as free agents elsewhere. When there’s been exceptions to that norm, Jacksonville has negated the losses by spending big in free agency to fill a roster hampered by — you guessed it — bad drafting.

This offseason looks like it’ll be much different.

Rather than hunting for players on the open market, the Jaguars have focused their efforts on retaining their own. In recent weeks the team has re-signed C.J. Beathard and JaMycal Hasty, and it used the franchise tag to keep Evan Engram.

While there’s a chance the Jaguars retain more of their players before free agency begins next week, they’ve also run into a problem reserved for good teams. There’s too many good players to keep and not enough money to go around.

Starting right tackle Jawaan Taylor appears headed for the open market, and he’s currently set to be joined in free agency by Arden Key, Dawuane Smoot, and Tre Herndon, among others.

It’s possible the Jaguars sign a player or two on the market, but they won’t be going after the big fish. And they certainly can’t afford to give someone the kind of money that Taylor appears set to receive.

Jacksonville’s remarkable compensatory-less streak will likely end with at least one pick in the 2024 NFL Draft, and that’s a sign that things are changing in Duval.

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Commanders add two compensatory picks for 2023 NFL draft

The Commanders now hold eight picks in the 2023 NFL draft.

The Washington Commanders were awarded two compensatory selections in the upcoming 2023 NFL draft, the league announced on Thursday.

Washington receives a third-round and sixth-round compensatory selection in next month’s draft.

The third-round selection is the second-highest compensatory selection for this draft, behind Arizona. Washington now holds the No. 97 overall selection. This pick was awarded to the Commanders after Pro Bowl guard Brandon Scherff departed and signed a three-year deal with the Jacksonville Jaguars.

The sixth-round selection is No. 215 overall. Washington received this pick when defensive tackle Tim Settle signed a two-year deal with the Buffalo Bills.

The Commanders now hold eight picks in the 2023 NFL draft, including two in the sixth round. Washington’s original third-rounder heads to the Indianapolis Colts to complete the Carson Wentz trade.

The San Francisco 49ers led the NFL with seven compensatory selections.

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The Lions get no compensatory draft picks for 2023

The Lions were net spenders in free agency last offseason

The NFL released the compensatory selections for the 2023 NFL draft on Thursday. As was expected, the Detroit Lions did not appear on the list of teams being awarded picks.

Compensatory pick are awarded to teams with net losses in free agency in the prior offseason, with the teams losing the most in contractual value earning the higher picks. Comp picks start at the end of the third round and stretch through the seventh round. They can also be earned by having minority coaches or front office personnel hired to qualified job promotions with another team.

The Lions were net spenders in free agency last offseason. Signing WR DJ Chark and S DeShon Elliott outweighed any free agent losses the team had following the 2021 season.

The San Francisco 49ers received six comp picks, including three in the third round. Arizona picked up the top comp slot, No. 96 overall.

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Cowboys awarded 3 compensatory picks in 2023 draft

The Cowboys, as expected, have nine picks in April’s draft. Here’s why they were added and where they land. | From @KDDrummondNFL

The NFL draft is now less than two months away, and with the start of the 2023 league year right around the corner things are starting to come into focus. With each team learning recently how much money they’ll have to spend in free agency, which starts next week, they have now also learned their full allotment of draft picks.

On Thursday the NFL announced the awarding of compensatory picks. Comp picks are the result of a formula from the prior season’s free agency comings and goings. The Dallas Cowboys are always one of the teams that works the system the best and this year is no different. Though they didn’t max out in terms of rounds or number of picks awarded, Dallas did land three of the free-agency related 32 selections.

Starting in 2022, the NFL began awarding additional comp picks based on minority head coaching and front office candidates hired away from clubs. San Francisco has been at the forefront of those awards with several more projected in 2024. The three compensatory picks means Dallas will have nine selections in April’s draft.

Dallas added pick No.s 169, 176 and 212 based on losing Randy Gregory, Connor Williams and Cedrick Wilson last offseason.

1st Round – 26
2nd Round – 58
3rd Round – 90
4th Round  – 128
5th Round – 160
5th Round Comp – 169
5th Round Comp – 176
6th Round Comp – 212
7th Round – 243

The picks could have been better, but Gregory barely made an impact in Denver after leaving Dallas, and Wilson rarely saw a target in Miami.

The comp pick formula is primarily centered around the average value of a the contract the free agent signs with another team. Each team has a ledger based on qualified free agents whose contracts expired naturally and weren’t released. If a team loses more than they signed, they are in line for a pick. The average amount of dollars places a corresponding round value, but if a player doesn’t see the field or earns accolades like Pro Bowl or MVP, they can see that value change.

Gregory made enough to be worth a fourth-round pick but his lack of playtime and production dropped him below the threshold.

This year’s free agency, set to begin Wednesday, will result in another 32 picks (one round’s worth) in the 2024 draft.

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