Well, no UMass player was drafted. A complete list of FCS/I-AA players drafted is here . Four A10 players were drafted.
There is an upside and a downside to not being drafted. On the down side teams tend to give a draft pick more time to develop since cutting the player reflects badly on their draft choice. The good side of not being drafted is usually the player has a choice of several free agent contracts and he can choose a team that needs help in his position thereby increasing his chances of sticking.
UMass has an excellent article on the three UMass players here . London is going to the Giants. Baylark to the Cardinals. Thompson to the Rams.
I think Alex Miller, Christian Koegel and James Ihedigbo will also sign free agent contracts in a day or so.
UPDATE I: The CAA has an article up about the four A10/CAA players drafted .
UPDATE II: Matty Vautour has an article (with quotes) about the three UMass players to sign a free agent contract.
UPDATE III: The UMass website article (second link in this blog post) has now been updated showing James Ihedigbo has been invited to the Bengals rookie camp.
UPDATE IV: Matt Dougherty of the Sports Network has a long article on the FCS/I-AA players chosen in the draft.
UPDATE V: Under the "Dead Tree Media can't figure out why they are loosing readers" category, NY Times NFL draft analyst has never heard of Ivy League football.