A total of 32 compensatory choices in the 2003 NFL Draft have been awarded to 15 teams, the NFL announced today. The Jacksonville Jaguars were given a fourth round pick, the 132nd overall section, for the loss of free agents Kevin Hardy, Mike Hollis and Renaldo Wynn while signing Pat Johnson and Chris Naeole.
Under terms of the NFL Collective Bargaining Agreement, a team losing more or better compensatory free agents than it acquires in a 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. The 32 compensatory choices announced today will supplement the 230 choices in the regular seven rounds of the 2003 NFL Draft (April 26-27). This year, the compensatory picks will be positioned within the fourth 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.