The Giants have been awarded two compensatory picks in the 2023 NFL Draft, the league announced Thursday evening.
The picks are in the fifth round, No. 172 overall, and the seventh round, No. 254 overall.
This brings the Giants' total to 11 picks in next month's draft.
Under the rules for compensatory draft selections, a team losing more or better compensatory free agents (CFA) than it acquires in the previous year is eligible to receive compensatory draft picks. The compensatory picks are 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. No club may receive more than four compensatory picks in any one year. If a club qualifies for more than four compensatory picks after offsetting each CFA lost by each CFA gained of an equal or higher value, the four highest remaining selections will be awarded to the club.
Last year, the Giants acquired two veteran free agents in guard Mark Glowinski and quarterback Tyrod Taylor. They lost four free agents: outside linebacker Lorenzo Carter, defensive back Keion Crossen, tight end Evan Engram and defensive tackle Austin Johnson.
Additionally, the NFL awarded five special compensatory selections due to the 2020 amendment to the League's Collective Bargaining Agreement, which was agreed upon by the NFL and the NFLPA to promote equal employment opportunities and an inclusive workforce within NFL clubs. This initiative provides that the prior employer-club of a minority employee who has been hired by another club as its head coach or primary football executive (general manager) will receive compensation in the form of a special compensatory draft selection in the third round of each of the next two drafts.
A total of 37 compensatory draft choices were awarded to 16 teams this year.
The 2023 NFL Draft will take place April 27-29 in Kansas City, Missouri.
NFL Media analyst Daniel Jeremiah updated his ranking of the top 50 prospects in the 2023 NFL Draft.
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
No. 50 Zach Charbonnet, RB, UCLA

No. 49 Jack Campbell, LB, Iowa

No. 48 John Michael Schmitz, IOL, Minnesota

No. 40 Keeanu Benton, DT, Wisconsin

No. 47 Kelee Ringo, CB, Georgia

No. 37 Steve Avila, IOL, TCU

No. 46 Hendon Hooker, QB, Tennessee

No. 45 Trenton Simpson, LB, Clemson

No. 44 Sam LaPorta, TE, Iowa

No. 43 Mazi Smith, DT, Michigan

No. 42 Jalin Hyatt, WR, Tennessee

No. 38 Luke Musgrave, TE, Oregon State

No. 39 Cody Mauch, OT, North Dakota State

No. 36 Bryan Bresee, DT, Clemson

No. 41 O'Cyrus Torrence, IOL, Florida

No. 35 BJ Ojulari, EDGE, LSU

No. 27 Emmanuel Forbes, CB, Mississippi State

No. 34 Joe Tippmann, IOL, Wisconsin

No. 32 Felix Anudike-Uzomah, EDGE, Kansas State

No. 31 Brian Branch, DB, Alabama

No. 30 Quentin Johnson, WR, TCU

No. 29 Jahmyr Gibbs, RB, Alabama

No. 28 Keion White, EDGE, Georgia Tech

No. 26 Calijah Kancey, DT, Pittsburgh

No. 25 Will McDonald IV, EDGE, Iowa State

No. 33 Darnell Washington, TE, Georgia

No. 24 Deonte Banks, CB, Maryland

No. 21 Myles Murphy, EDGE, Clemson

No. 22 Zay Flowers, WR, Boston College

No. 20 Michael Mayer, TE, Notre Dame

No. 23 Joey Porter Jr., CB, Penn State

No. 17 Jaxon Smith-Njigba, WR, Ohio State

No. 13 Nolan Smith, EDGE, Georgia

No. 19 Broderick Jones, OT Georgia

No. 16 Paris Johnson Jr., OT, Ohio State

No. 18 Darnell Wright, OT, Tennessee

No. 14 Lukas Van Ness, EDGE, Iowa

No. 15 Jordan Addison, WR, USC

No. 12 Will Levis, QB, Kentucky

No. 10 Christian Gonzalez, CB, Oregon

No. 11 Anthony Richardson, QB, Florida

No. 9 Dalton Kincaid, TE, Utah

No. 8 Peter Skoronski, OT, Northwestern

No. 7 C.J. Stroud, QB, Ohio State

No. 5 Devon Witherspoon, CB, Illinois

No. 6 Jalen Carter, DT, Georgia

No. 4 Tyree Wilson, EDGE, Texas Tech

No. 3 Bijan Robinson, RB, Texas

No. 2 Will Anderson Jr., EDGE, Alabama

No. 1 Bryce Young, QB, Alabama
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