The second wave of free agency began when the clock struck midnight in the transition from Tuesday to Wednesday because new signings no longer count against the compensatory pick formula. Normally, when a team loses players to free agency who are deemed to be “better” (according to playing time and postseason awards in the upcoming season and the value of their contracts) when compared against the players that team gained in free agency, they are awarded free compensatory picks in the next draft. As of Wednesday, newly signed players no longer count as gains for that comparison in the current league year.
How much can the Detroit Lions still spend on remaining free agents?
