Actually, UFA's are the only players you
do get comp picks for!
From this article: [
www.hogshaven.com]
In order to qualify for the comp equation, a player must have been a true Unrestricted Free Agent whose contract had expired or was voided after the previous season (i.e., he cannot have been released by his old team); [generally speaking,] he must sign during the UFA signing period.And some more info from this site: [
www.nfl.com]
Keep in mind: To qualify as a compensatory free agent, players need to have been signed as unrestricted free agents before May 8, be on their team's roster for at least 10 weeks of the regular season and rank in the top 50 percent of the NFL's compensatory-pick formula. Players who were released by their previous team are not eligible for the formula.
AlbaNY_Ram