Here are the current draft picks The Patriots own:
1st Round (22nd Overall)
2nd Round (Jaguars 44th Overall)
2nd Round (Titans 47th Overall)
2nd Round (53rd Overall)
7th Round (PHI - Greg Lewis)
7th Round (DEN - Russ Hochstein)
These picks have been traded away:
3rd Round (OAK - Derrick Burgess)
5th Round (OAK - Derrick Burgess, Thru DEN - Le Kevin Smith)
5th Round (TB - Alex Smith)
7th Round (Den - Le Kevin Smith)
The Patriots are projected to receive four compensatory picks for the 2010 NFL Draft. These compensatory picks are awarded when a player is lost to free-agency and signs a qualifying contract with another team. A compensatory pick can be lost by signing a qualifying player in free-agency as well. Compensatory picks can be awarded in rounds 3-7.
Teams that gain and lose the same number of players but lose higher-valued players than they gain also can be awarded a pick, but only in the seventh round, after the other compensatory picks.
The placement of the picks is determined by a proprietary formula based on the player's salary, playing time, and postseason honors with his new team, with salary being the primary factor. So, for example, a team that lost a linebacker who signed for $2.5 million per year in free agency might get a sixth-round compensatory pick, while a team that lost a wide receiver who signed for $5 million per year might receive a fourth-round pick.
If fewer than 32 such picks are awarded, the remaining picks are awarded in the order in which teams would pick in a hypothetical eighth round of the draft (These are known as "supplemental compensatory selections").
Compensatory picks are awarded each year at the NFL annual meeting which is held at the end of March; typically, about three or four weeks before the draft.
Projected 2010 Compensatory Picks:
6th Round: Jabar Gaffney
7th Round: Heath Evans
7th Round: Lonnie Paxton
7th Round: Lamont Jordan
These picks are awarded at the end of the round and cannot be traded.