Editor's note: This story was updated on Thursday, May 9, with recent reports on free agents who appear on this list.

The so-called second wave of free agency kicked off Tuesday, because any signings of available players after May 7 do not count against team's future compensatory draft picks.

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If you're interested in reading a more thorough explanation of the NFL's compensatory-pick formula and how it all works, check out this Albert Breer piece on SI.com. And since we're talking compensatory picks, the NFL says they "are determined by a proprietary formula, developed by the NFL Management Council, which considers a player's salary, playing time and postseason honors."

Regardless, there are probably some teams that have been waiting for this day – especially ones that have lost some significant free agents without comparable signings in return.

Same goes for the players who are still available for a multitude of reasons – they've been waiting for May 7 as well. Why? Maybe they didn't land the big deal they were hoping for when free agency kicked off back in March because they're on their third contract or have an injury history.

Whatever the reasons, here we are – and there are some intriguing names available. After combing through a number of credible outlets, I've pieced together a list of 10 players and provided some projected or possible landing spots for each.