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2019 NFL Draft: Colts receive compensatory fourth round pick for Jaguars signing Donte Moncrief

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New England Patriots v Jacksonville Jaguars Photo by Sam Greenwood/Getty Images

The Indianapolis Colts will receive a compensatory fourth round draft pick for the Jacksonville Jaguars signing Donte Moncrief to a one year, $9,600,000 contract.

According to Spotrac.com, the formula for how compensatory picks are awarded is still a secret, but how it functions is simple — compensatory picks give teams a bonus who lost more than they gained in free agency.

As the NFL explains, compensatory picks are awarded to teams that lose more or better compensatory free agents than they acquire. The number of picks a team can receive equals the net loss of compensatory free agents, up to a maximum of four. Compensatory free agents are determined by a secret formula based on salary, playing time and postseason honors. Not every free agent lost or signed is covered by the formula.

I’d have to imagine Moncrief’s “value” as calculated by the formula was weight heavily by his enormous salary. For $9,600,000, the Jaguars got one year of playing time which included a whopping 48 receptions, 668 yards, and three touchdowns.

Go Jaguars.