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New York Jets Offseason 2016: Where Does the Team Stand on Compensatory Picks?

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William Hauser-USA TODAY Sports

Every now and then during free agency, I like to give an update as to where the Jets stand on compensatory picks. Over the Cap has an excellent page projecting the compensatory picks they constantly update.

What are compensatory picks? The league awards Draft picks to teams that lose more than they gain in free agency. Picks are awarded for what happened the year before in free agency so this year's free agency affects the compensatory picks for the 2017 NFL Draft.

A little over a week into free agency, Over the Cap projects the Jets to gain an extra fourth round pick next year. That is for losing Damon Harrison.

The team has lost four qualifying free agents and signed three. That is where the one extra pick projection comes from. The loss of Antonio Allen was cancelled out by the signing of Steve McLendon. The loss of Demario Davis was cancelled out by the signing of Matt Forte. The loss of Chris Ivory was cancelled out by the signing of Jarvis Jenkins. Nobody cancels out the loss of Damon Harrison, and his $9 million annual salary projects to a fourth round pick.

This will continue to change as the Jets continue to sign and lose players.