Atlanta sent second-, third- and fourth-round picks to…

Atlanta used this deal to secure two offensive players with very different value paths. The Falcons moved up for Michael Jenkins at No. 29 and also acquired the 90th selection, which became Matt Schaub. Jenkins never developed into a dominant No. 1 receiver, but he was a steady part of the offense for seven seasons, catching 276 passes for 3,512 yards in Atlanta. That alone gave the club a respectable return on the first-round portion of the deal. Schaub is what pushes the transaction clearly toward Atlanta. As a third-round quarterback behind Michael Vick, he rarely had the opportunity to build value through extended starts, yet his preseason and spot-duty performances created a market. In 2007 the Falcons traded Schaub and moved down two spots in the first round with Houston in exchange for two second-round selections. Even without assigning every later branch of that trade tree to this deal, turning the extra 2004 third-rounder into premium future capital materially strengthens Atlanta's side. Indianapolis did not waste its return. Gilbert Gardner became a part-time starter at linebacker, and Jason David started 43 games in three Colts seasons and was part of the 2006 championship team. The Colts also moved the 38th selection to Pittsburgh and eventually drafted safety Bob Sanders at No. 44, although that additional transaction should be judged separately rather than credited entirely here. The original exchange therefore worked for both organizations. Indianapolis converted one first-round slot and a third-rounder into multiple assets during a championship window. Atlanta, however, received the most enduring direct value: years of receiving production from Jenkins and a quarterback whose later market value became significant. Cleaning the duplicated pick entries from the old asset list also makes the true three-for-two structure much clearer.