The Giants have been awarded two compensatory picks in the 2023 NFL Draft, the league announced Thursday evening.
The picks are in the fifth round, No. 172 overall, and the seventh round, No. 254 overall.
This brings the Giants' total to 11 picks in next month's draft.
Under the rules for compensatory draft selections, a team losing more or better compensatory free agents (CFA) than it acquires in the previous year is eligible to receive compensatory draft picks. The compensatory picks are positioned within the third through seventh rounds based on the value of the compensatory free agents lost.
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. No club may receive more than four compensatory picks in any one year. If a club qualifies for more than four compensatory picks after offsetting each CFA lost by each CFA gained of an equal or higher value, the four highest remaining selections will be awarded to the club.
Last year, the Giants acquired two veteran free agents in guard Mark Glowinski and quarterback Tyrod Taylor. They lost four free agents: outside linebacker Lorenzo Carter, defensive back Keion Crossen, tight end Evan Engram and defensive tackle Austin Johnson.
Additionally, the NFL awarded five special compensatory selections due to the 2020 amendment to the League's Collective Bargaining Agreement, which was agreed upon by the NFL and the NFLPA to promote equal employment opportunities and an inclusive workforce within NFL clubs. This initiative provides that the prior employer-club of a minority employee who has been hired by another club as its head coach or primary football executive (general manager) will receive compensation in the form of a special compensatory draft selection in the third round of each of the next two drafts.
A total of 37 compensatory draft choices were awarded to 16 teams this year.
The 2023 NFL Draft will take place April 27-29 in Kansas City, Missouri.
NFL Media analyst Daniel Jeremiah updated his ranking of the top 50 prospects in the 2023 NFL Draft.