If Phillip Dorsett had bigger size, he would have been one of the first players picked in the 2015 draft. I'm convinced of that thanks to his unreal zip, very good route running and solid hands. But Dorsett is just under 5-foot-10 and is 185 pounds, not delivering the size that most teams look for from a No. 1 receiver.
Clearly, the Colts couldn't care less. Indianapolis had needs on defense and is rich with receiver talent but still took Dorsett with its first-round choice. That's a testament to Colts general manager Ryan Grigson, who let the draft board come to him. He didn't care about need, just talent, and Dorsett has it.
It does make you wonder how soon Dorsett can contribute to the Colts offense, though. He'll have to battle with Donte Moncrief and Duron Carter for the third receiver spot in training camp, then he'll have to prove to the coaches that he's more valuable to have on the field than tight end Coby Fleener, who until today figured to see a lot of playing time as a mismatch pass catcher. I have no doubts whatsoever that Dorsett can jump past Moncrief and Carter on the depth chart, but his playing time won't come easy. That's not good for his short-term Fantasy value.
Dorsett might be a guy I take late in deeper seasonal leagues. There's just no way you can back him as a sleeper in a typical 10- or 12-team draft now. Not until his playing time is cleared up, anyway. I would spend a late pick on him in dynasty/keeper formats and would still consider him a Top 12ish pick in rookie-only drafts.
His arrival crushes Moncrief and Carter's values. They're toast. Fleener's value takes a small hit since he probably won't see as many targets as I had hoped for. T.Y. Hilton, Andre Johnson and Dwayne Allen don't lose a whole lot either -- maybe a tiny sliver each -- with Dorsett figuring to get around 60 or 70 targets this season.
Andrew Luck remains locked in as the top quarterback in Fantasy this fall. This doesn't hurt his value one iota.