This is the receiver companion to the running back list. Same rules: full PPR, 12 teams, and the order comes from the projections this site runs on, not from my gut. Where my gut disagrees, I say so.
The short version of the position this year: the top four are a tier, and then the arguing starts.
1. Puka Nacua, Rams
129 catches, 1,715 yards, ten scores, and the Rams even handed him ten carries for 105 yards and a rushing touchdown. That came to 375 PPR points, the most of any receiver last season, on 166 targets in 16 games. There's nothing in that line to argue with, so I won't.
2. Ja'Marr Chase, Bengals
185 targets. Nobody else on this page reached 180, and only one other man reached 170. He turned them into 125 catches for 1,412 and eight scores. He actually finished fourth in receiver scoring at 313.6, and I have him second anyway, because target totals repeat better than touchdown totals do and 185 is the single safest number in this article.
3. Amon-Ra St. Brown, Lions
He played all 17, caught 117 balls for 1,401, and scored 11 times. That was 324 points. I put Chase ahead on targets, 185 to 172, and writing it out like that makes the gap sound bigger than it felt.
4. Jaxon Smith-Njigba, Seahawks
1,793 receiving yards. That led everyone here, and it wasn't close: Nacua was next at 1,715, and then it's a 300-yard drop to Chase. So why is the yardage leader fourth? Because the projections see 237 points for him against Nacua's 277, and because 119 catches with ten scores is a season you're thrilled to repeat, not one you should need him to beat.
5. Chris Olave, Saints
The board lets him sit until the back of the second round, pick 20 or so. The projections have him fifth at the position at 223 points, and last year he caught 100 passes for 1,163 and nine scores on 156 targets. If he's still there in the back half of round two, I'm not overthinking it.
6. Zay Flowers, Ravens
86 catches, 1,211 yards, all 17 games, and only five touchdowns. Five scores on 1,211 yards is the kind of split that usually corrects itself, and I'll admit I don't carry a clean number for how often. What I carry is the 1,211.
7. A.J. Brown, Patriots
That reads wrong, doesn't it? He's a Patriot now. What he did in Philadelphia last year was 78 catches for 1,003 and seven scores in 15 games. A stat table cannot price a team change, and I'm not going to pretend mine can. The projections say 189 points and seventh is where the honest middle of that uncertainty lands.
8. Justin Jefferson, Vikings
Two touchdowns. He caught 84 balls for 1,048 yards on 141 targets and crossed the goal line twice all season. Do I believe that happens again? No. The targets stayed elite while the scores vanished, and scores wander back. The market takes him just inside the top twelve picks, which prices a full bounce. Eighth prices most of one.
9. Rashee Rice, Chiefs
Eight games, 53 catches, 571 yards, five scores, 150.1 points. That's 18.8 a week, which over a full season is top-three money. It's also eight games. Both sentences are true, and your draft slot decides which one you believe.
10. Drake London, Falcons
Here's my argument with the board. The market takes London at pick ten, the fifth receiver off the board. Last year he played 12 games and caught 68 for 919 and seven. The projections say 175 points, tenth here. Somebody's wrong, me or the room, and at that price I'd rather be wrong at pick 40 than pick ten.
The ones I left out
Nico Collins scored 226.2 last season, more than four of the players on this list, and he still missed my ten because the projections only see 157 for him this year. That's the cut I'm least sure about. CeeDee Lamb goes at pick 11 in real drafts and I couldn't get him past the 75-catch, three-score season he just had in 13 games. Garrett Wilson played seven games last year and Malik Nabers played four, and I don't rank what I can't measure.
December will tell me which of those was the dumb one.