The Giants will receive a compensatory fourth round selection in the NFL Draft next month.
The pick will be the 36th in the round and the 131st overall.
The NFL today announced that 15 teams have been awarded a total of 32 compensatory choices in the 2012 draft, which will be held April 26-28. Baltimore was awarded the 130th selection, while Green Bay will have the two choices immediately after the Giants' compensatory pick.
Under the rules for compensatory draft selections, a team losing more or better compensatory free agents than it acquires in the previous year is eligible to receive compensatory draft picks.
In 2011, the Giants signed free agents David Baas and Steve Weatherford but lost Steve Smith, Kevin Boss and Barry Cofield.
The number of picks a team receives equals the net loss of compensatory free agents up to a maximum of four. The 32 compensatory choices announced today will supplement the 221 choices in the seven rounds of the 2012 NFL Draft.
Compensatory free agents are determined by a formula based on salary, playing time and postseason honors. The formula was developed by the NFL Management Council. Not every free agent lost or signed by a club is covered by this formula.
With their compensatory selection, the Giants will have eight picks in the 2012 draft.