Compensatory Pick Formula Ends Today

Starting at 4pm ET/3pm CT, any unrestricted free agent that signs with a new team will not count towards the 2020 compensatory draft pick formula, as Field Yates of ESPN.com tweets. This should quickly accelerate the market for several free agents of note, including:

Compensatory picks are given to teams that lose a greater number of compensatory free agents (or, a greater quality of free agents) than they acquire. The complicated formula that dictates how the picks are dispersed is not disclosed to the public, but teams are wary of signing even lower impact UFAs while it is in effect.

But, when the formula is turned off, veteran free agents should start flying off of the board.

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