Denver Broncos Compensatory Picks: How John Elway Can Capitalize On Draft Day

The Broncos were awarded four compensatory draft picks for 2017, which brings their total to 10 for this year's NFL Draft. Based on his track record, what can we expect from GM John Elway on Draft Day?

Friday, the NFL announced the 2017 compensatory picks, and based on the formula, awarded the Denver Broncos four selections. It was expected that the Broncos would get four compensatory picks, but the hope was that they'd get two third-rounders and a fourth. Instead, the NFL awarded Denver one third rounder, one fifth and two seventh round selections.

The Broncos lost quarterback Brock Osweiler and defensive end Malik Jackson to max contract deals in 2016, while also seeing linebacker Danny Trevathan, safety David Bruton, tight end Vernon Davis, offensive guard Evan Mathis and offensive tackle Ryan Harris depart via free agency.

The Broncos added two offensive tackles — Russell Okung and Donald Stephenson — and defensive end Jared Crick. Although the Broncos might be disappointed, they will now have a total of 10 selections in the upcoming NFL Draft.

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And for the first time, NFL teams will be allowed to trade compensatory picks, which should add intrigue on Draft Day. GM John Elway has made the most of the compensatory picks Denver has been awarded over the last two years, drafting guys like 2016 starting quarterback Trevor Siemian, starting right guard Max Garcia, No. 3 safety Justin Simmons, 2016 leading rusher Devontae Booker, and safety Will Parks.

Elway's Broncos have managed to mine maximum value out of the compensatory program, and 2017 is shaping up to be no different. This year's draft class is replete with depth at positions of need for the Broncos, especially on the defensive line and at tight end.

The defensive back and running back class is stacked, and there are some choice off-ball linebackers and offensive linemen, too, but it's a top-heavy class at the latter two position groups. Elway will have plenty of capital to make a splash on Draft Day, and continue to bolster one of the deepest rosters in the NFL.

When Elway holds court at the NFL Scouting Combine next week, we could glean more insight into Denver's Draft Day strategy. And Mile High Huddle will be there to break it all down. 

Chad Jensen is the Publisher of Mile High Huddle. You can find him on Twitter @ChadNJensen.

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