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I believe, and someone please correct me if I'm wrong, that in general losing a type A (probably 4-5 star?) player results in:
1. Taking the first round pick of the team who signed your former player and
2. Getting an additional pick at the end of the first round.
Losing a type B player generally results in:
1. Taking the third round pick of the team who signed your former player and
2. Getting an additional pick at the end of the first(?) round.
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