As free agency nears, you'll likely hear about the salary cap and team cap space. Here's what that means and how much teams are working with in 2025.

NFL free agency won't officially open until 4 p.m. ET on Wednesday, but agreements have been cascading through the transaction wire for the past several days. A few teams moved to lock up impending free agents over the weekend,

Compensatory picks are awarded to teams based on the number of compensatory free agents that leave the team the previous offseason. The picks are awarded on top of the seven picks (one in each round) NFL teams are typically allocated in the draft.

The NFL awarded a total of 35 compensatory selections to 15 teams in the 2025 draft, the league announced Tuesday.

The NFL has announced the distribution of compensatory picks for the 2025 NFL Draft, and the San Francisco 49ers have been awarded four additional selections.