The 5th-round compensation pick explained
Earlier this week the Steelers were awarded a compensatory fifth-round pick as compensation for losing Alan Faneca to the New York Jets in free agency. Steelers' fans were shocked that such a loss did not bring back a third-round choice, or at least a fourth-rounder. Apparently, the NFL has a rule that compensation for a ten-year veteran cannot be anything better than a fifth-rounder. So, by being awarded the first compensatory pick in the fifth round the Steelers got the most substantial compensation for Faneca that the rule allows.
On the plus side, we now know a little more about the NFL's mysterious formula for determining compensatory picks (which the league has never revealed publicly, as far as I know).
On the plus side, we now know a little more about the NFL's mysterious formula for determining compensatory picks (which the league has never revealed publicly, as far as I know).
posted by Anonymous at 3:53 AM
2 Comments:
Could you please post a link to this rule? I have NEVER heard of the 10-year veteran provision, so I'm a bit shocked by this if that's indeed the explanation.
Forget what you or I think about this whole deal. What I would really LOVE to see is Alan Faneca in a room, with only the people from the NFL office who decided he was only worth a 5th round pick.
I'd pay good money to see that, man!
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