The annual NFL owners meeting is underway in Phoenix, and one of the more anticipated events of the week's proceedings is the announcement of compensatory draft picks, which will be made public on Monday, according to Peter King of Sports Illustrated via Twitter.
RT @dolfanneil: When will the compensatory picks be announced? ... Tomorrow, here at the NFL Meetings in Phoenix.
— Peter King (@SI_PeterKing) March 17, 2013
In a nutshell, the NFL describes the process of awarding compensatory picks as follows:
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.
The number of picks a team receives equals the net loss of compensatory free agents up to a maximum of four.
Last season, the Packers lost quarterback Matt Flynn and center Scott Wells as unrestricted free agents while they signed center Jeff Saturday.
Although the NFL doesn't publish the exact formula for awarding compensatory picks, Tom Silverstein of the Milwaukee Journal Sentinel believes the Packers will get a fourth-round pick in this upcoming April's Draft.
— tom silverstein (@TomSilverstein) March 16, 2013
It's dangerous to make any assumptions, however. It's perhaps possible that the Packers could be awarded a round lower than the projected fourth rounder.
And because Jeff Saturday signed for significantly fewer years and for less money than Scott Wells, it's also possible the Packers could get another additional late round pick.
Whatever happens, they'll find out on Monday.
Also on tap during the NFL owners meeting are discussion of rule proposals and typically the advance announcement of several marquee games on the NFL schedule such as those on Opening Weekend and Thanksgiving Day.
There's sure to be continuing news emerging from free agency and the pro day circuit carries on with several stops on Monday, including Air Force, Albany State (Ga.), Houston, Howard, Idaho State, Indiana, Memphis, Montana State, Rice, Valdosta State, Villanova, Virginia Union and Wake Forest.
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