UPDATE: The Patriots extended LeGarrette Blount the rarely-used May 9 tender, which is worth 110 percent of what he made in 2016 ($1.1 million). The tender allows the Blount to count toward New England's 2018 compensatory-pick formula should he sign with another club. If he does not sign with another club before July 22, the Patriots will have exclusive negotiating rights with Blount from July 22 through the Tuesday after Week 10 of the regular season. Per Jeff Howe of the Boston Herald, Blount has no plans to sign the tender at the moment.
It's time to talk compensatory picks. Again, I know.
These things are the source of a whole lot of confusion for many because the way in which the league determines who gets compensatory picks, how many, and in what rounds is based upon a secret formula.
That's right. Like the special sauce on your Big Mac.
What we do know about the formula, though, is that it's based on free agents lost and free agents signed by a given team in a given year. The level of those free agents -- which factors in salary, playing time and postseason honors -- is also taken into account.
Picks are then awarded to teams who have lost more (or better) free agents than they acquired.