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How the compensatory pick formula may impact Patriots free-agent calls

How highly do the Patriots value their mid-round draft picks? We'll find out as the run on NFL free agents continues this week.

If Bill Belichick and Nick Caserio plan to make any signings from outside the organization, they'll have to factor into that decision what they will be giving up. Money and cap space matter . . . sure. But there is draft capital at stake.

The Patriots are currently projected to land two third-round compensatory picks in 2019 after losing both Malcolm Butler and Nate Solder in free agency. There's real value there, and the decision-makers at One Patriot Place may be reluctant to give that up.