When it was reported that Trey Hendrickson agreed to terms on a free agent contract with the Cincinnati Bengals averaging $15 million per year, expectations for New Orleans Saints fans were that the team would recoup a third-round compensatory draft pick in 2022 — the most valuable compensation possible, owing to his high average salary.
However, the analysts at Over The Cap expect his departure to net just a fourth rounder, at least at this stage in free agency. That forecast will change as more deals are worked out around the league. The Saints could disqualify themselves for comp pick consideration by signing more players than they’ve lost; for now, their acquisition of fullback Alex Armah is expected to cancel out the loss of cornerback Justin Hardee, which may have qualified for an extra seventh rounder.