The San Francisco 49ers have been awarded five compensatory picks in the 2024 NFL Draft, the joint most among NFL franchises ahead of the upcoming Draft.This article will explain why the 49ers received so many compensatory picks and more crucial details. So, without further ado, let's get to it.NFL's compensatory picks formula explainedThe San Francisco 49ers are getting a handful of compensatory picks because they bought into the league's minority-hiring initiative for coaches and executives. They also lost some key home-grown talents last season.The NFL's compensatory formula prioritizes the caliber and number of free agents a franchise lost and signed the previous year.Furthermore, it considers salaries, playing time and postseason accolades. Players who are released before the end of their contracts are not included in the compensatory calculations.Complete list of NFL's compensatory picks for the 2024 NFL DraftAccording to reports, the league has awarded 34 picks to 14 franchises. The San Francisco 49ers and Los Angeles Rams have the most compensatory picks, with five each.Here's a list of the league's compensatory selections for this year's Draft:Round 3, Pick 96: Jacksonville JaguarsRound 3, Pick 97: Philadelphia EaglesRound 3, Pick 98: Los Angeles RamsRound 3, Pick 99: San Francisco 49ersRound 4, Pick 132: San Francisco 49ersRound 4, Pick 133: Buffalo BillsRound 4, Pick 134: Baltimore RavensRound 5, Pick 167: New Orleans SaintsRound 5, Pick 168: Green Bay PackersRound 5, Pick 169: New Orleans SaintsRound 5, Pick 170: Philadelphia EaglesRound 5, Pick 171: Philadelphia EaglesRound 5, Pick 172: Kansas City ChiefsRound 5, Pick 173: Dallas CowboysRound 5, Pick 174: New Orleans SaintsRound 5, Pick 175: San Francisco 49ersRound 6, Pick 208: Cincinnati BengalsRound 6, Pick 209: Los Angeles RamsRound 6, Pick 210: Philadelphia EaglesRound 6, Pick 211: San Francisco 49ersRound 6, Pick 212: Jacksonville JaguarsRound 6, Pick 213: Los Angeles RamsRound 6, Pick 214: Cincinnati BengalsRound 6, Pick 215: San Francisco 49ersRound 6, Pick 216: Dallas CowboysRound 6, Pick 217: Los Angeles RamsRound 6, Pick 218: New York JetsRound 6, Pick 219: Green Bay PackersRound 6, Pick 220: Tampa Bay BuccaneersRound 7, Pick 253: Los Angeles ChargersRound 7, Pick 254: Los Angeles RamsRound 7, Pick 255: Green Bay PackersRound 7, Pick 256: New York JetsRound 7, Pick 257: New York Jets