INDIANAPOLIS — The NFL on Friday released which teams will receive compensatory picks for this April's 2019 NFL Draft. Rewarded with an extra fourth-round selection are the Indianapolis Colts, who received the 135th-overall pick, according to the NFL Network's Tom Pelissero.
After making a swap with the New York Jets last spring, the Colts also hold an extra second-round pick as well as this additional fourth-rounder, bringing their current total to nine picks entering the 2019 draft.
The Colts were rewarded this compensatory pick based on the free-agent loss of wide receiver Donte Moncrief last offseason, who signed with the Jacksonville Jaguars on a reported one-year, $9.6 million contract. The Colts did not sign a similar-type free agent during the offseason who matched that salary or on-field production.
There is a multitude of criteria involved in deciding which teams are rewarded compensatory picks, but Over the Cap explains it here:
"As the NFL explains, compensatory picks are awarded to teams that lose more or better compensatory free agents than they acquire. The number of picks a team can receive equals the net loss of compensatory free agents, up to a maximum of four. Compensatory free agents are determined by a secret formula based on salary, playing time and postseason honors. Not every free agent lost or signed is covered by the formula."
As it currently stands, the Colts now have one pick in the first round, two in the second, one in the third, two in the fourth and one each in the fifth, sixth and seventh rounds, bringing their total to six picks within the first 150.
The Colts hold the 26th-overall pick but will then rotate between the 27th and 26th picks with the Dallas Cowboys, who also finished the season 10-6, throughout the other six rounds of the draft.
The fourth round has been kind to the Colts in recent years, as they have found Nyheim Hines (2018), Marlon Mack (2017), Hassan Ridgeway (2016) and Grover Stewart (2017) in the last three drafts, all of whom are still with the team. Mack and Stewart were compensatory draft selections themselves.
The Colts also entered last year's draft with nine picks, but by the end of the three-day event they had acquired and used 11 total picks. All 11 players stayed with the organization as last season arrived and remain with the team to this day.