The Saints are in excellent shape to receive several comp picks. They´ll get a third rounder for sure.
They lost Bridgewater (1st round), Apple (1st round), Bell (2nd round), A.J. Klein (5th round), and Kirkwood (UDFA).
They lost 5 players and brought in 4, so far. Of those four players, neither Burton nor Nichols will count against the formula because Burton won´t make much money and Nichols comes from the XFL. I also don´t think that Jenkins will count as an adequate replacement for Von Bell, since he was released during the FA period, he wasn´t scheduled to become a free agent. IMO, the only player that counts against the Saints is Sanders.