Some Colts fans have been in touch, confused about the awarding of compensatory draft picks. The Colts were awarded one pick, the final pick of the draft (No. 254).
But in the league's formula that figures out who gets what in terms of the extra draft selections, Indianapolis didn't actually "earn" a pick. Compensatory picks add the equivalent of one round worth of selections to the draft. When there aren't enough awarded by the formula, the league adds picks for the near misses until it gets to 32.
One thing many people forget is that many of the biggest losses for the Colts were released. Only players who reach free agency with expiring contracts count here. So Peyton Manning, Dallas Clark, Joseph Addai, Gary Brackett and Curtis Painter were all let go and didn't factor in at all.
According to the NFL, these are the players who did factor into the equation for compensatory draft picks for Indianapolis.
Stanton counted despite the fact that the Colts traded for him, because he was signed by the Jets as a free agent in 2012 before that deal. A player with such circumstances is part of the formula.
Garcon was the lone giant contract on either side of that ledger, and apparently the Colts did enough to offset that signing with what they brought in.
Here's the league's language explaining the process.
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. The 32 compensatory choices announced today will supplement the 222 choices in the seven rounds of the 2013 NFL draft (April 25-27), which will kick off in prime time for the fourth consecutive year.
The first round will be held on Thursday, April 25 and begin at 8 p.m. ET. The second and third rounds are set for Friday, April 26 at 6:30 p.m. ET followed by rounds 4-7 on Saturday, April 27 at Noon ET.
This year, the compensatory picks will be positioned within the third 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.
Two clubs this year (Indianapolis and the New York Giants) will each receive a compensatory pick even though they did not suffer a net loss of compensatory free agents last year. Under the formula, the compensatory free agents lost by these clubs were ranked higher than the ones they signed (by a specified point differential based upon salary and performance).