The NFL Draft
Each April, each NFL franchise seeks to add new players to its roster through a collegiate draft known as "the NFL Annual Player Selection Meeting", which is more commonly known as the NFL Draft.
Teams are ranked in inverse order based on the previous season's record, with the team having the worst record picking first, and the second-worst picking second, and so on. Regardless of regular season records, the last two picks of each round go to the two teams in the Super Bowl immediately preceding the draft, with the Super Bowl champion picking last. Thus, the New York Giants, though they had only the 7th best record in the 2007 season and would otherwise have had the 26th pick in the first round, will actually have the last (31st) pick because they won Super Bowl XLII.
The draft proceeds for seven rounds. Rounds 1–2 are run on Saturday of draft weekend, rounds 3–7 are run on Sunday. Teams are given a limited amount of time to make their picks.[29] If the pick is not made in the allotted time, subsequent teams in the draft may draft before them. This happened in 2003 to the Minnesota Vikings.[30]
Teams have the option of trading away their picks to other teams for different picks, players, cash, or a combination thereof. While player-for-player trades are rare during the rest of the year (especially in comparison to the other major league sports), trades are far more common on draft day. In 1989, in arguably the most famous draft day trade ever, the Dallas Cowboys traded running back Herschel Walker to the Minnesota Vikings for five veteran players and six draft picks over 3 years. The Cowboys would use these picks to leverage trades for additional draft picks and veteran players. As a direct result of this trade, they would draft many of the stars who would help them win three Super Bowls in the 1990s, including Emmitt Smith, Russell Maryland and Darren Woodson.[31]
The first pick in the draft is often taken to be the best overall player in the rookie class. This may or may not be true, since teams often select players based more on the teams' needs than on the players' overall skills. Plus, comparing players at different positions is difficult to do. Still, it is considered a great honor to be a first-round pick, and a greater honor to be the first overall pick. The last pick in the draft is known as Mr. Irrelevant, and is the subject of a dinner in his honor in Newport Beach, California.
Drafted players may only negotiate with the team that drafted them (or to another team if their rights were traded away). The drafting team has one year to sign the player. If they do not do so, the player may reenter the draft and can be drafted by another team. Bo Jackson famously sat out a season in this way.[24]
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