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Patriots awarded 4th-round compensatory draft pick

03.24.14 at 6:52 pm ET

ORLANDO — The Patriots were awarded a fourth-round compensatory pick on Monday, the 140th overall selection. It will be the 27th compensatory pick in franchise history since the league started awarding them in 1994.

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. (Compensatory free agents are determined by a formula based on salary, playing time and postseason honors.) The number of picks a team receives equals the net loss of compensatory free agents up to a maximum of four, and the picks always take place at the end of the assigned round. (For more details, check out the release from the NFL here.)

For those of you who might think compensatory picks are relatively small potatoes, it’s worth reminding folks that quarterback Tom Brady was selected with a compensatory pick in the 2000 draft. (Of course, the Patriots also used one on Hakim Akbar in 2001, so it kind of cuts both ways.)

Here’s a look at the Patriots’ current draft situation:

Round 1, 29th overall, assigned
Round 2, assigned
Round 3, assigned
Round 4, assigned
Round 4, compensatory
Round 5, no pick — dealt for defensive tackle Isaac Sopoaga
Round  6, acquired in Sopoaga trade
Round 6, assigned
Round 7, assigned

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