If I understand the rules correctly, it must be a first-round pick in each of the next two seasons, although it's possible a team could elect to use two first-rounders in the first year. Two first-rounders in the second year, though, is not allowed.
As far as a team such as Denver goes, the rule is clear: if that pick is higher than its original pick, the team can use it as compensation; if it's lower than the original pick, the team is SOL. [So, right now, Denver could use Chicago's first-rounder as franchise/RFA compensation if it chose, but Seattle cannot use Denver's.]
Thanks for the clarification. So, if I understand you correctly, a team like Carolina which has no #1 pick in 2010 would be prohibited from trying to sign a franchised player to a long term offer sheet, since they cannot meet the required compensation if the current team declines to match.
I must say, much as I am a big fan of Wilfork, if Josh McDaniels wants to sign him to a $60M deal and give up 2 firsts (their own 2011 plus the 2010 pick which they have from Chicago this year, which will likely be in the 10-13 range; they have no 1st of their own this year since it belongs to Seattle), I'd jump at the chance. We could then do the following:
1. Draft ILB Rolando McClain with the 1st round pick from Denver/Chicago.
2. Draft DT Terrence Cody with our own 1st round pick (possibly requiring a trade up), or DT Dan Williams from Tennessee.
3. Use our 3 third round picks on a DE/OLB, an OL, and a 3-4 DE. Depending on how the chips fell we could end up with could end up with something like the following (assuming we pick in the range specified in the OP):
1(10) Rolando McClain, ILB
1(21) Terrence Cody/Dan Williams, DT
2(42) Allen Bailey, Jared Odrick or Arthur Jones, DE
2(50) Greg Romeus, Jeremy Beal or Austen Lane, DE/OLB
2(52) Gabe Carimi or Vladimir Ducasse, OT/OG
In this scenario (ignoring the Matt Light trade for the moment), if we managed to sign a DE/OLB FA such as Shawn Merriman or Aaron Kampman then we would end up with something like the following:
OT(4): Vollmer, Light, Kaczur, Levoir
OG/C(5): Mankins, Koppen, Carimi/Ducasse, Ohrnberger, Connolly
DL(6): Warren, Cody/Wiliams, Wright, Bailey/Odrick/Jones, Pryor, Brace
DE/OLB(4): Merriman/Kampman, Romeus/Beal/Lane, Ninkovich, Crable
ILB(5): Mayo, McClain, Guyton, McKenzie, Alexander
In addition, we would have 3 1st round picks in 2011: Oakland's, Denver's, and our own, plus a 2nd round pick. We could potentially trade up and look at targetting something like:
- DE/OLB Robert Quinn, North Carolina: 6'5" 265# freak with 4.51 speed and a 2 time state wrestling champ. Described by his coach as having "no ego".
- CB Patrick Peterson: 6'1" 203" playmaker who may be the best CB prospect since Champ Bailey.
- One of the "big 5" WRs: AJ Green, Julio Jones, Michael Floyd, Jonathan Baldwin, and DeAndre Brown.
Much as I hope we keep Wilfork, I wouldn't shed any tears at that outcome.