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Falcons receive three compensatory draft picks from the NFL

The NFL awarded the Atlanta Falcons three compensatory selections Monday for the 2014 NFL Draft. The Falcons will have additional picks in the fourth (139th overall) and seventh (253rd & 255th overall) rounds.

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 will supplement the 224 choices in the seven rounds of the 2014 NFL Draft (May 8-10), which will kick off in primetime for the fifth consecutive year.

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.

The NFL Collective Bargaining Agreement limits the number of compensatory picks to the number of clubs then in the league (32). This year, three teams — Chicago, Atlanta and Cincinnati — qualified for compensatory picks under the net loss formula but will not receive those picks because they ranked 33rd, 34th and 35th, respectively, among all compensatory picks. Atlanta and Cincinnati will receive picks for other compensatory free agents lost who ranked within the top 32 compensatory picks.