Re: That's not it

You are right that at some point signing a FA won't affect the comp pick formula, but the draft is the cutoff date, not June 1.

" Any free agent signings after the draft no longer count against the compensatory pick formula.'. [news.yahoo.com]

It seems that Floyd could have been signed at any time since the draft without costing a team a comp pick.

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AlbaNY_Ram