Reports starting to break that Sanders has signed an offer sheet with the Patriots. Once presented to the Steelers, they will have 5 days to match.

No details on the offer yet, but you can bet that NE structured it in such a way to make it difficult for the Steelers to match (i.e., lots of upfront money.)

Sanders was tendered at a #3 pick, so the Steelers would get NE's 3rd round pick, 29th in the round, 91st overall as compensation.