Compensatory picks for the 2014 NFL Draft have been announced and the Kansas City Chiefs come away with no compensatory picks. These are based on the free agents gained and lost in the previous year, so the calculation is based on the Chiefs 2013 free agency moves.
Considering the Chiefs signed a number of free agents from other teams and hardly lost anyone of significance, not receiving any compensatory picks in 2014 was expected. The Chiefs signed multi-year contracts such as Donnie Avery, Anthony Fasano and Sean Smith. They lost Glenn Dorsey.
Last year, the Chiefs received two compensatory picks (for their 2012 free agency class), including a third rounder, which was used on Knile Davis. Davis could be an important contributor down the road so these compensatory picks can end up working out very well for you.
What we're really looking forward to is next year's compensatory pick announcement. The Chiefs lost five players to big contracts win the first few hours of free agency. Assuming they don't sign any other free agents to big contracts. you can expect the Chiefs to receive compensatory picks next year. A maximum of four can be awarded with the highest being a third rounder.
The exact comp pick formula isn't fully known -- good read on it here -- but its purpose is basically to reward those teams who lose a lot of free agents. Those free agents are valued by the size of their contract and how well and how often they play the following season.
Since 1994 when comp picks started, the Chiefs have had 15, far from the league-leading Ravens (41).
The Chiefs are still making free agency moves so we don't know what they'll get next year but I would guess multiple compensatory picks next year. Unfortunately, no extras this year.