Collingwood was today formally notified by the AFL of the compensation national draft selection it would receive in return for having had an uncontracted player - Josh Fraser - elect to join the newly-formed Gold Coast Football Club.

Under the List Establishment Rules for the Gold Coast Football Club, the AFL's 17th team had the right to select one uncontracted player from each of the current 16 AFL clubs, with a compensation package to be determined in one of five bands, based on the new contract offer to the player and his future earning / playing capacity.

It had been determined that Collingwood would receive a Round Three selection for Fraser, who moved to the Gold Coast on Thursday after 11 seasons and 200 games with the Magpies.

In full detail, the compensation package is explained as follows:

Collingwood - Round Three selection.
The selection for Josh Fraser may be activated by Collingwood after its round three selection in any one of the 2010, 2011, 2012, 2013 or 2014 NAB AFL Draft Selection Meetings. The selection will be immediately placed behind the Round Three selection of Collingwood in that particular season. (Ie, in 2010 when Collingwood has the right for selection 60, the compensation selection would be number 61 etc.)

For the selection to be activated for the 2010 NAB AFL Draft, Collingwood will be required to notify the AFL of its intention to use the selection by November 5, 2010.

For the selection to be activated for any of the years 2011-2014 in the NAB AFL Draft of that particular year, Collingwood will be required to notify the AFL of its intention to use the selection by the last Tuesday of that particular year, prior to the start of the Toyota AFL Premiership Season.

The club has the right to on-trade its compensation selection to another club.

If the club on-trades its compensation selection to another club, the selection may be used in that year's NAB AFL Draft Selection meeting, or in any other year up to the 2014 NAB AFL Draft.