Saints currently in line for a 3rd round comp pick in 2021

I'd have to look more into the details of his previous deal with the Eagles and the compensatory calcs, but was Jenkins actually cut, or was his option simply not picked up making him an URFA?
For a few years now, there's no difference. Players with declined options are treated as if they were simply released.

https://www.si.com/nfl/broncos/news...roncos-decisions-on-players-with-team-options