Compensatory picks are going to be given out this week at the owner's meeting and, based on the way these picks have been given out in the past, the G-Men should be in line to rack up at least a few additional mid-round picks.
"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...Compensatory free agents are determined by a formula based on salary, playing time and postseason honors."
Last year, the Giants lost Barry Cofield, Steve Smith, and Kevin Boss. Although most of us wanted Reese gone last year after he let Smith go to the Eagles and Boss go to the Raiders, clearly he knew better than we did and neither of them did anything for their new teams. Plus, based on the rationale about how compensatory picks are given out, I'm assuming the Giants should make out like bandits, given that each of those players had been key contributors for the Giants. The only free agents of any real consequence that we signed last year were David Baas and Steve Weatherford. Based on how the compensatory picks are calculated, we lost much more than we picked up.
For reference, in last year's draft, the Giants received two 6th round compensatory picks after losing Fred Robbins, Danny Clark, and David Carr in 2010; however, we also signed Deon Grant and Rolle. So clearly, if you compare the two years, we should be in line to receive more than the 6th round picks we got last year.
My prediction: JR & Co. will have extra 4th and 6th round picks to use next month.