Packers projected to get one compensatory draft pick in 2023

The Green Bay Packers are projected to receive one compensatory pick in the 2023 NFL Draft.

It may be the best part of a year away, but the Packers are likely to receive a bonus draft selection in 2023.

Compensatory picks are awarded to teams who lose more than they add in free agency. For example, if you lose a key player to a big contract, you could receive a third-round pick.

But if you sign a free agent on a similar deal, you will likely not get that pick.

Over The Cap has put together a compensatory pick cancellation chart for 2023.

This takes into account the free agents every team has signed, and who they have lost. It is then able to determine which additions cancel out players lost.

For example, Over The Cap projects that the Packers won’t receive a compensatory draft pick for losing offensive lineman Lucas Patrick, as they signed defensive tackle Jarran Reed.

The contracts signed by both players were in a similar range, so that is a factor.

Over The Cap expects Green Bay to receive one compensatory selection next year, a fifth-round pick for losing wide receiver Marquez Valdes-Scantling.

Valdes-Scantling signed a three-year, $30 million deal with the Kansas City Chiefs, according to Spotrac.

This likely won’t change, either.

Any free-agent move the Packers make over the summer won’t count against the compensatory pick formula. The deadline for that has already passed.

Had the Packers not franchise-tagged Davante Adams and he signed with the Las Vegas Raiders, Green Bay likely would have received a third-round compensatory pick in 2023. Teams can’t receive picks any higher than the third round.

Instead, the Packers traded Adams to the Raiders, receiving picks in the first and second rounds this year.

Right now, it looks like the Packers will get one bonus pick in 2023.