The NFL announced the full list of compensatory draft picks this afternoon and the Kansas City Chiefs claimed one extra 2011 NFL draft pick in the sixth round. The Chiefs lost OL Wade Smith to the Houston Texans last year on a four-year, $12 million deal so that's what got them the extra draft pick. The Chiefs now gain the 199th pick in the draft.

The compensatory pick model is a little very confusing but basically if you lose more compensatory free agents than you gain you're eligible to receive compensatory picks, which are extra draft picks. The hard part -- not every free agent is covered by the compensatory pick formula and the actual formula has never been released but it's based on the free agents playing time, salary and postseason honors.

Even more confusing is that some teams -- like the Oakland Raiders, Seattle Seahawks and New Orleans Saints this year -- gained more compensatory free agents than they lost but the ones they lost ranked higher than the ones they signed so they get a compensatory pick anyway. 

Yeah, you're probably better off if you just don't read me trying to explain it. I don't even know what I'm saying.

There were 32 total compensatory picks issued to 23 teams. The Chiefs actually have the seventh highest compensatory pick. The Carolina Panthers are at the very top with the last pick in the third round -- 97th overall -- thanks to DE Julius Peppers' departure.

It's also worth noting that they always give out 32 compensatory picks. There were only 21 picks that qualified, so the final 11 picks in the seventh round will go in draft order starting with Carolina then Denver, Buffalo and so on.

You know who else was the 199th pick, which happened to be a compensatory pick?

Tom Brady. Just sayin'.

Here's the full list:

(H/T kabrink)