The Indianapolis Colts are already scheduled to have eight picks in the 2019 NFL Draft, but they are now projected to receive an extra selection as a compensatory pick.

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Though the Colts are still fighting for their playoff lives with a trip to Arrowhead Stadium taking on the Kansas City Chiefs in an AFC divisional matchup, Indy is projected to receive a fourth-round compensatory pick due to the vacancy left by wide receiver Donte Moncrief, per Over The Cap in their yearly evaluations.

Moncrief signed a one-year deal with the Jacksonville Jaguars worth $9.6 million. Letting Moncrief walk will now likely give the Colts an extra draft pick at the end of the fourth round, which is music to Chris Ballard’s ears.

It isn’t official, but should the Colts be awarded a compensatory pick of that value, fans should be excited. Ballard has hit on a few mid-round draft picks in just the two years he has taken over. He’s had his misses, but they’ve been strong for the most part.

Among those fourth and fifth-round picks include running back Marlon Mack, linebacker Anthony Walker and running back Nyheim Hines. That’s just the last two seasons, which shows he’s able to find some value in the middle rounds.

The Colts have made it a point to build through the draft, and they are surprisingly seeing great progress with such a young roster with rookie head coach Frank Reich leading the way.

The Colts aren’t projected to receive a compensatory pick due to the departure of Frank Gore, but the Washington Redskins are projected to receive a sixth-round pick with the Colts signing wide receiver Ryan Grant.

The Colts are already sitting with eight draft picks, having an extra one in the middle rounds will only help the development of the roster.