From: NFL Network

Had New Orleans resigned linebacker Jonathan Vilma to a long-term contract extension this season, or even shortly thereafter, two New York teams would have benefited. First, the conditional fourth-round pick the Saints traded to the Jets for Vilma would have become a second-round pick.

And if that Vilma trade with the Jets had involved a second-round pick, then the Saints would have been forced to compensate the New York Giants with a first-round pick for tight end Jeremy Shockey. But New Orleans can exhale. The Saints did not re-sign Vilma, and will not attempt to do so until he becomes a free agent, thus the value the Jets and Giants receive now can be determined.

The conditional fourth-round pick the Saints traded to the Jets for Vilma will become a third-round pick in 2009. The Jets used the Saints fourth-round pick in 2008, but they will have to return a fourth-round pick to New Orleans this April.