The Eagles chose not to match Geelong’s free agency offer to Selwood, meaning the midfielder was free to join the Cats.
The club was advised by the League late on Monday that it would receive a late second round draft pick, currently selection No. 37 in the 2015 draft, as compensation for losing Selwood via free agency.
West Coast CEO Trevor Nisbett claimed the AFL had treated the club with disrespect and attacked the free agency formula.
“Why have restricted free agency and free agency compensation if you are to be treated with such disrespect?” Nisbett said.
“The West Coast Eagles has been the home of Scott Selwood for eight years and he is approaching the prime of his career at 25 years of age.
“He was our vice-captain, he has been trained up by the club and we need to replace him.
“Geelong has spoken about the leadership qualities Scott brings and we know that.
“We think we acted in a totally professional manner in allowing Scott to go to Geelong, the club of his choice, for a number of compelling reasons and his value has only been judged on how much money he gets paid.
“The AFL will say that we had the right to match the offer, and yes we did, but it was not in the interests of the player or the club. The level of compensation for losing our vice-captain is totally inadequate.
“We are now of an even stronger view that all free agency should be reviewed and not purely based on a player’s salary.
“I believe that Andrew Dillon (AFL Legal Counsel) and Ken Wood (TPP Manager) have got this totally wrong and we are extremely disappointed.”