Many of you are familiar with compensatory picks in the NFL Draft each year. A team is given extra draft pick(s) depending on the number of free agents they lost in the previous year.
The Kansas City Chiefs last year lost a number of free agents, including Branden Albert, Jon Asamoah, Tyson Jackson and Geoff Schwartz. They didn't sign many qualifying free agents. Therefore, they are likely to receive some good compensatory picks, which are awarded between the third and seventh round.
Over The Cap projects the Chiefs will end up with four compensatory picks: third round pick, two fifth round picks and a seventh round pick.
The formula used for compensatory picks is not publicly known but it basically goes like this: Teams that lose more qualifying free agents than they sign are eligible for compensatory picks.
Chiefs 2014 free agents (via Over The Cap)
- Lost (8): Branden Albert, Tyson Jackson, Jon Asamoah, Geoff Schwartz, Dexter McCluster, Quintin Demps, Akeem Jordan, Kendrick Lewis
- Gained (4): Vance Walker, Joe Mays, Jeff Linkenbach, Christopher Owens
There are other factors at play, such as the size of the contract and the playing time for the free agent in question.
Since the formula is not publicly known, these are just projections. Over The Cap writes at the bottom of this piece that the Chiefs could see three fifth round picks instead of two fifth round picks and a seventh depending on how Schwartz is viewed.
It's beginning to look like a fun 2015 NFL Draft for the Chiefs.