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The NFL revealed the compensatory picks for the 2021 NFL Draft today, and the Steelers received a fourth-round pick. The pick will be the 35th in the fourth round, and the 141st pick overall. Many projected the Steelers to receive a sixth-round pick as well, but that didn't occur.
The picks are based on losses and gains from the previous year in free agency. The Steelers lost Javon Hargrave, B.J. Finney, Sean Davis, Tyler Matakavich and Nick Vannett last year, and gained Eric Ebron and Derek Watt. The fourth-round pick that the Steelers received was from Hargrave signing a three-year, $39 million deal with the Eagles.
The compensatory picks are positioned within the third through sixth 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 sixth-round pick that was expected for the Steelers was due to Sean Davis signing with Washington. However, he was released before the regular-season started and signed back with the Steelers, so that's why it was probably canceled out.