The Falcons were awarded two compensatory picks for the 2010 NFL draft at the owner’s meeting on Monday in Orlando.
The Falcons received a third and fifth round draft pick and will now have eight picks for the draft, which will he held April 22 -24 in New York.
Under terms of the NFL Collective Bargaining Agreement, a team losing more or better compensatory free agents than it signs in a year is eligible to receive compensatory draft picks.
The picks are awarded on a formula developed by the NFL Management Council that is based on salary, playing time and postseason honors. The formula does not cover every free agent.
In 2009, the Falcons lost four free agents in linebacker Keith Brooking (Dallas), cornerback Dominique Foxworth (Baltimore), Michael Boley (New York Giants) and Grady Jackson (Detroit).
The maximum number of compensatory picks a team may receive is four. Also, a team can not trade their compensatory picks.
Foxworth was likely worth the third round pick and Boley was likely responsible for the fifth round pick in part because of the amount of their contracts and playing time.
Foxworth signed four-year, $28 million contract with the Ravens. Boley signed a five-year, $25 million contract with the Giants.
The lost of Brooking and Jackson were essentially a wash because of the signings of linebacker Mike Peterson and center Brett Romberg.