Jim Callis tweets new news about the CBA that's even more depressing than what we learned last week:
If you don't sign a pick, you lose his cap value. You can't not sign [your first round pick] and spend his money elsewhere.
As Charlie points out, this is basically a hard slot. Which leaves considerably less room for creativity than the initial idea of a pool of money to be spent on your first ten rounds worth of picks does. This sucks.