He may know what he's talking about in terms of what will happen, but I hope he's wrong. I would just as soon grab a good player at another position then worry about a guy like Love in round 2. And I SURE AS HELL wouldn't draft Love before Herbert.
The point is to compensate teams for losing players to other teams in free agency. One team gains in free agency, another loses. The picks offer a small bit of equalization.
Doesn't seem like it applies to players retiring early.