The Giants have been awarded a fourth-round compensatory pick in the 2018 NFL Draft:
NFL Media draft analyst Mike Mayock updates his position-by-position rankings for the 2018 NFL Draft.
EAST RUTHERFORD, N.J. – The Giants have been awarded one compensatory selection in the 2018 NFL Draft.
The choice is in the fourth round, the 135th overall pick. A total of 32 compensatory selections were awarded to 15 teams. The Giants are one of five teams to get a fourth-round compensatory pick.
The extra fourth-round choice gives the Giants seven picks in the seven-round draft. They traded their seventh-round selection to Pittsburgh for cornerback Ross Cockrell last Sept. 3.
The compensatory selections are awarded to teams based on the Compensatory Draft System's net loss formula. Under the system, teams that suffer a net loss of compensatory free agents (CFA) during the prior free agency signing period are eligible to receive a corresponding number of compensatory selections in the following year's draft, up to a maximum of four selections.
The level of compensation (i.e., the round and selection number within the round) that the prior club receives for each CFA lost is based upon a weighted combination of the CFA's average yearly compensation, postseason honors and playtime with the new team, ranked against all players in the league who are on rosters.
Last year, the Giants lost free agents Johnathan Hankins, Robbie Gould, Marshall Newhouse, and Coty Sensabaugh. They signed tight end Rhett Ellison and quarterback Geno Smith.
The NFL Draft will be held April 26-28, with the last four rounds on the final day.