Greg Jennings and Jordy Nelson combined for 135 receptions, 2,212 yards and 24 touchdowns last year and served as cornerstones of Aaron Rodgers' MVP season. Needless to say, they're one of the best receiving duos on the league if not the best. Normally the loss of a player of their caliber would be cause for concern, but the Packers are one of the best positioned teams to weather a loss at the receiver position. Each of the Packers top five receivers has shown the ability to dominate when given enough targets, and many scouts believe that 2nd year Randall Cobb is the most talented wideout on the roster but is just waiting his turn in deference to the veterans in front of him. The Packers also have an above average tight end in Jermichael Finley; he easily projects as an elite producer with more targets.
Randall Cobb, WR Cobb's rookie numbers don't pop off the page (25 receptions for 375 yards and one receiving touchdown), but that's no indication of his abilities. Had Cobb been drafted by nearly any other team, he would've had a more significant role and has done everything imaginable this offseason to warrant a more important place on the depth chart. Although the Packers haven't made anything official, many believe Cobb will open the year as the #3, overtaking James Jones and Donald Driver. Cobb would become a must add in every league format, and it wouldn't be unreasonable to think he could produce solid fantasy WR2 numbers on a weekly basis.
Jermichael Finley, TE Finley bounced back in 2011 (55 receptions for 767 yards and 8 touchdowns) after missing 11 games in 2010, but he still hasn't delivered a season akin to what we've seen of Antonio Gates or Aaron Hernandez or Jimmy Graham. Targets are part of the issue, but it's also related to Jennings and Nelson's effectiveness as deep threats (Finley isn't sent deep very often because of it). With one of the two starting receivers gone, Finley would be used in more of the route tree.
Aaron Rodgers, QB Rodgers is one of the three best passers in the league, if not the best. He's hyper accurate and spreads the ball around without hesitation. He's more than capable of handling the loss of a top target, just as he did in 2010 when Jermichael Finley missed two thirds of the season.
James Jones, WR Jones had 38 receptions for 635 yards (16.7 yards per catch) and 7 touchdowns last year in spite of being the team's 4th or 5th wheel depending on the game. It looks like Jones is being pushed by Randall Cobb this preseason, which is why Jones rates a "Hold", but if Jones breaks camp as the #3 receiver, he would become the obvious waiver wire gem.
Donald Driver, WR Remember Hines Ward's role in Pittsburgh last year? That's what we should expect of Driver this year in Green Bay. The long-time playmaker is nearing the end of his career (Dancing with the Stars will do that to you) and is more of a "in case of emergency break glass" option. The Packers aren't going to forget about Driver, particularly if Jennings or Nelson miss a big chunk of time but his days as a 100+ target, 1,000-yard receiver are gone for good.
The Packers' depth at receiver puts them in an enviable position. No projected fantasy contributor would suffer much from the loss of either Jennings or Nelson.
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