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Baseball used to do this but they stopped because it was making teams not want to sign A ranked guys because they had to surrender their first round pick to the other team losing him. Also it was flawed because if a team signed 2 or 3 A ranked guys the picks would go how the guys were ranked the teams with the guys ranked 2nd and 3rd would get 2nd and 3rd round picks instead of 1st round picks like they were supposed too.I believe this is the first year that teams are actually allowed to trade their comp picks. Until now, it wasn't allowed.
There are only 32 picks issued each year, and from what I gather, we're about 2nd on the list in number of picks we've gotten since the system was put in place.
It's not a very good way of handling things to be honest. The team who signs a guy away should actually be forced to sacrifice a draft pick to the team losing the player - directly. That would make signing free agents a more carefully moderated way of filling roster needs. It's unfair to teams not involved in the FA move because they end up having the person losing a person sandwiched ahead of them in the draft order for the next round. They did nothing to deserve that happening.