Compensatory Picks

[The Special One]

NFL to announce compensatory picks on Monday or Tuesday at the owners meetings.

Does anyone know if we will get any this year?

[Ivan The Awesome]

If we do it won't be a high one.

[Kevin Greene]

Maybe a 7th for Jeff King?

[Riverboat Ron]

Might get one for Richard Marshall.

[jtnc]

Derek Landri?

[The Special One]

Since we only have 6 picks, any extra draft pick would certainly help.

[Ivan The Awesome]

I'd love it if we'd get a 3rd. That's not going to happen.

[Kevin Greene]

Might get one for Richard Marshall.

I think signing Edwards canceled that one out for us.

[The Special One]

If I recall correctly: Matt Moore (miami)

Richard Marshall (arizona)

Jeff King (arizona)

We signed: Ron Edwards (kc)

Olindo Mare (seattle)

Someone help me out, what does all this mean?

[jtnc]

We signed Derek Anderson too, so we won't get one for Moore.

[Ivan The Awesome]

Signed Shockey as well, Applewhite, Felton, uh...who else?

[Ivan The Awesome]

In addition to the 32 picks in each round, there are a total of 32 picks awarded at the ends of Rounds 3 through 7. These picks, known as "compensatory picks," are awarded to teams that have lost more qualifying free agents than they gained the previous year in free agency. Teams that gain and lose the same number of players but lose higher-valued players than they gain also can be awarded a pick, but only in the seventh round, after the other compensatory picks. Compensatory picks cannot be traded, and the placement of the picks is determined by a proprietary formula based on the player's salary, playing time, and postseason honors with his new team, with salary being the primary factor. So, for example, a team that lost a linebacker who signed for $2.5 million per year in free agency might get a sixth-round compensatory pick, while a team that lost a wide receiver who signed for $5 million per year might receive a fourth-round pick.

If fewer than 32 such picks are awarded, the remaining picks are awarded in the order in which teams would pick in a hypothetical eighth round of the draft (These are known as "supplemental compensatory selections").

Compensatory picks are awarded each year at the NFL annual meeting which is held at the end of March; typically, about three or four weeks before the draft.

So yeah.

[Jangler]

Someone help me out, what does all this mean?

[Doyle]

Looking around online and all I can find is we might get a 7th for King.