I believe you get a comp pick if an unrestricted free agent who is ranked in the top 35% of all players at the positions signs with another team. I don't know exactly how they determine who is in the top 35% and at what levels it becomes a 3rd round pick or a 5th round pick etc.
I heard someone say Sweat would have to get at least $18 million in free agency for a 3rd round comp pick, so it might just be based on contract.
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Yes that makes sense.
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