How to Value Players After Contracts (2024 Fantasy Football)

The biggest dramas in the NFL and fantasy football often revolve around off-the-field issues more than what takes place between the uprights. Player contracts are front and center in this drama with a never-ending cycle of players needing to be paid and wanting to maximize what can be a short window to earn the most they can. This is something real NFL fans and fantasy football fanatics alike follow given the repercussions.

In this article, we’ll look back over the last three years to look at player performance before and after securing new contracts. This should give us an idea of what to expect from top players heading into 2024 who have signed new deals recently.

Fantasy Football Performance Data After Getting Contract

The stats we’ll concentrate on are PPR points per game (PPG), yards per game and touchdowns per game. For quarterbacks, both rushing yards and passing yards are included. For other players, total scrimmage yards are combined.

2021

Fantasy Football Performance Data After Getting Contract

PPG 2020 PPG 2021 Difference Yards/gm 2020 Yards/gm 2021 Difference TDs/gm 2020 TDs/gm 2021 Difference
Courtland Sutton 4yr $60m 9.6 9.2 -0.4 66 47.7 -18.3 0 0.13 0.13
Dak Prescott 4yr $160m 27.1 19.3 -7.8 392 286.6 -105.4 2.6 2.17 -0.43
Dallas Goedert 4yr $57m 10.6 11 0.4 47.6 55.3 7.7 0.27 0.27 0.00
Gus Edwards 2yr $9m 8 0 -8 52.1 0 -52.1 0.4 0 -0.4
Josh Allen 6yr $258m 25.1 23.7 -1.4 316.7 304.3 -12.4 2.9 2.48 -0.42
Logan Thomas 3yr $24m 10.9 8.9 -2 42.5 32.7 -9.8 0.33 0.50 0.17
Mark Andrews 4yr $66m 12.6 17.8 5.2 51.8 79.8 28 0.54 0.56 0.02
Nick Chubb 3yr $36m 17.4 16 -1.4 100.8 105.6 4.8 1 0.69 -0.31
Nyheim Hines 3yr $18.6m 12 7 -5 53 35.4 -17.6 0.47 0.19 -0.28
Robbie Anderson 2yr $29.5m 14.5 7.5 -7 71.4 31.6 -39.8 0.2 0.25 0.05
Tim Patrick 3yr $34m 11 9.4 -1.6 49.7 42.6 -7.1 0.43 0.33 -0.10
Tyler Lockett 4yr $69m 15.5 14.3 -1.2 64.3 72.3 8 0.53 0.40 -0.13

*Gus Edwards missed the entire 2021 season

In 2021, 12 fantasy-relevant players got paid noteworthy new contracts. Among them, Mark Andrews was the best performer the following season, going from 12.6 PPG to 17.8 and adding an additional 28 yards per game. Josh Allen‘s contract was by far the biggest that year. A few years later, the six-year, $258 million deal looks like a complete bargain. Allen’s performance did slip slightly in 2022 but he still finished as the QB3 in PPG and the QB2 in total points.

Out of the 12 players in this sample, 10 (83.3%) saw a regression in their fantasy points the following season. Three of the 12 saw PPG dropoffs of five or more points. This number would be four if we included Gus Edwards, but it seems harsh to include a player who missed the entire season due to an ACL injury.

Robbie Anderson (now known as Robbie Chosen) saw the most severe dropoff in skill position yardage, dropping from 71.4 per game to 39.8, while Dak Prescott dropped by 105.4 total yards as he regressed to more pedestrian numbers in 2021.

2022

Fantasy Football Performance Data After Getting Contract

PPG 2021 PPG 2022 Difference Yards/gm 2021 Yards/gm 2022 Difference TDs/gm 2021 TDs/gm 2022 Difference
Aaron Rodgers 3yr $150m 21.3 14.3 -7 271.1 223.4 -47.7 2.5 1.66 -0.84
AJ Brown 4yr $100m 13.7 17.9 4.2 67.6 87.6 20 0.33 0.69 0.36
Brandin Cooks 2yr $39m 15.1 10.3 -4.8 68.8 50 -18.8 0.4 0.17 -0.23
Chris Godwin 3yr $60m 17.3 15.2 -2.1 80.3 69.5 -10.8 0.43 0.21 -0.22
Cooper Kupp 3yr $80m 25.8 22.4 -3.4 114.3 96 -18.3 0.94 0.78 -0.16
Darren Waller 3yr $51m 12.9 11.3 -1.6 64.3 50.4 -13.9 0.2 0.43 0.23
Davante Adams 5yr $140m 22.2 20.3 -1.9 99.9 90.1 -9.8 0.73 0.88 0.15
David Njoku 4yr $56m 7 9.8 2.8 31 44.5 13.5 0.27 0.23 -0.04
Dawson Knox 4yr $52m 11.1 9 -2.1 38.4 36 -2.4 0.64 0.36 -0.28
Deebo Samuel 3yr $71m 20.7 13.7 -7 108.7 70 -38.7 0.87 0.42 -0.45
Derek Carr 3yr $121m 15.1 14.6 -0.5 295.4 241.5 -53.9 1.3 1.6 0.3
Deshaun Watson* 5yr $230m 22.9 13.6 -9.3 297.2 200.6 -96.6 2 1.2 -0.8
DJ Moore 3yr $61m 13.8 12.3 -1.5 69.1 58.2 -10.9 0.25 0.44 0.19
DK Metcalf 3yr $72m 14.6 13.7 -0.9 57.2 63 5.8 0.75 0.38 -0.37
Hunter Renfrow 2yr $32m 15.1 6.6 -8.5 64.5 29.6 -34.9 0.44 0.11 -0.33
Kirk Cousins 1yr $35m 18.6 17.4 -1.2 272.4 276.2 3.8 2.07 1.93 -0.14
Kyler Murray 5yr $230m 21.7 18.2 -3.5 302.6 253.3 -49.3 2.18 1.57 -0.61
Matthew Stafford 4yr $160m 19.5 12 -7.5 293.2 232.9 -60.3 2.4 1.21 -1.19
Michael Gallup 5yr $57m 10.2 8 -2.2 49.4 31.8 -17.6 0.22 0.31 0.09
Russell Wilson 5yr $242m 16.8 14.5 -2.3 234.9 250.1 15.2 1.78 1.11 -0.67
Stefon Diggs 4yr $96m 16.4 19.5 3.1 71.5 88.1 16.6 0.56 0.67 0.11
Terry McLaurin 3yr $68m 12.5 13.3 0.8 60.8 71.6 10.8 0.31 0.25 -0.06
Tyreek Hill 4yr $120m 18.5 21.1 2.6 83.3 107.4 24.1 0.56 0.5 -0.06
Zach Ertz 3yr $31m 10.3 11.6 1.3 42.7 40.6 -2.1 0.31 0.4 0.09

*Deshaun Watson 2020 stats, not 2021

2022 was a massive year for players getting paid with the money starting to flow easier after the down years during Covid-19. Twenty-four fantasy-relevant players were paid substantially in this window with the wide receiver market booming and Deshaun Watson setting an NFL record for guaranteed money received.

A.J. Brown, Tyreek Hill and Stefon Diggs thrived after signing new contracts, increasing their PPG by at least 2.5 points in the following season. Hunter Renfrow disappointed after a 2021 season where he caught 103 of his 128 targets, but the combination of Josh McDaniels and Davante Adams curtailed his upswing. He dropped 8.5 PPG and 34.9 yards per game, finishing the year with 708 fewer receiving yards than in 2021. Cooper Kupp also regressed, which was to be expected after having 145 receptions for 1,947 yards in 2021. Nobody expected the level of team-wide regression the Rams went through post-Super Bowl, which also swept up Matthew Stafford with him regressing in every category.

The quarterback market exploded and Deshaun Watson was front and center of this, coming off not playing in 2020 as he demanded a trade and then got embroiled in accusations of sexual assault. For this study, we looked at his 2020 stats instead and it’s clear just how bad Watson was when he eventually started in Cleveland, dropping 9.3 PPG, 96.6 yards and 0.8 touchdowns per game. Elsewhere at the quarterback position, Aaron Rodgers regressed almost as hard coming off an MVP campaign — he felt the loss of Davante Adams and dropped 7.0 PPG. Russell Wilson started his post-Seattle career with more yards per game in Denver, but touchdowns were harder to come by without Tyler Lockett and DK Metcalf, so his fantasy points dipped by 2.3 PPG as he tried to overcome Nathaniel Hackett’s poor offense.

Out of the 24 players in this sample, six (25%) increased their PPG positively, while eight (33%) saw theirs dip by at least three points.

2023

Fantasy Football Performance Data After Getting Contract

PPG 2022 PPG 2023 Difference Yards/gm 2022 Yards/gm 2023 Difference TDs/gm 2022 TDs/gm 2023 Difference
Aaron Rodgers 3yr $112m 14.3 0 -14.3 223.4 0 -223.4 1.66 0 -1.66
Cole Kmet 4yr $50m 8.2 10.9 2.7 31 42.5 11.5 0.38 0.38 0
Daniel Jones 4yr $160m 18.1 9.5 -8.6 244.6 185.8 -58.8 1.34 0.47 -0.87
DeVante Parker 2yr $11m 7 5.9 -1.1 41.8 32.3 -9.5 0.09 0 -0.09
Evan Engram 3yr $41m 10.6 12.9 2.3 47 55.3 8.3 0.25 0.19 -0.06
Geno Smith 3yr $75m 18.1 14.8 -3.3 274 254.2 -19.8 1.86 1.37 -0.49
Jalen Hurts 5yr $255m 26.6 22.3 -4.3 303.5 275.3 -28.2 2.53 2.34 -0.19
Joe Burrow 5yr $275m 22.6 14.7 -7.9 300.5 239.7 -60.8 2.63 1.5 -1.13
Jonathan Taylor 3yr $42m 13.3 14.3 1 91.3 77.6 -13.7 0.36 0.78 0.42
Jordan Love 1yr $13m 2.9 18.8 15.9 48.5 255.7 207.2 0.3 2.15 1.85
Josh Jacobs 1yr $11.7m 20.1 13.9 -6.2 125.2 84.7 -40.5 0.75 0.46 -0.29
Justin Herbert 5yr $262m 16.4 18 1.6 287.7 258.6 -29.1 1.4 1.73 0.33
Juwan Johnson 2yr $12m 8.8 7.6 -1.2 32.5 27.3 -5.2 0.47 0.33 -0.14
Lamar Jackson 5yr $260m 19.7 20.7 1 250.5 281.2 30.7 1.65 1.81 0.16
Saquon Barkley 1yr $10m 17.8 15.3 -2.5 103.1 88.1 -15 0.63 0.62 -0.01
TJ Hockenson 4yr $66m 13.3 14.6 1.3 56.1 64 7.9 0.38 0.33 -0.05
Tyler Higbee 2yr $17m 9 7.2 -1.8 36.7 33 -3.7 0.19 0.13 -0.06

The quarterback market continued to explode in 2023. Teams splashed the cash freely, expecting a boom in the salary cap due to incoming TV deals. Seventeen fantasy-relevant players received noteworthy contracts.

Aaron Rodgers again regressed, but it’s hard to blame him when his Achilles only held up for a handful of plays before his season was curtailed. Joe Burrow and Daniel Jones both saw injury-related regressions — each dropping by at least 7.5 points per game. Meanwhile, Lamar Jackson increased his PPG by 1.0, adding an extra 30.7 yards per game under new offensive coordinator Todd Monken. This was also the first season Jackson played in full in three years. 

Geno Smith was unable to follow up an incredibly efficient 2022 season, which always looked like an outlier. While his contract was a happy story for him, it was always structured with easy exits for the Seahawks.

Josh Jacobs signed a one-year deal in place of the franchise tag, as did Saquon Barkley. Both running backs were unhappy with the arrangement and found themselves victims of poor offenses with bad quarterback play. It’s fair to question if they could have been more effective with better surrounding situations, but it’s also hard to ignore that running back play declines quickly as players get older.

Fantasy Football Value After Contracts: Conclusions

Out of the 53 players in this sample, the average following season PPG saw a 2.04 drop from the year before signing a new contract. Thirty-eight players regressed negatively and 15 positively. It’s hard not to look at those numbers and expect some level of regression from players once they get paid, but it would also not be naive to take things on a player-by-player basis.

Injuries play such a large part in fantasy football and trying to predict them is a foolish exercise, but they also have had a large impact in this study. In dynasty, we can leverage new contracts to open a sell window on a player. Based on this evidence it might not be a bad idea to do so. In redraft, overinflating a player’s average draft position (ADP) just because they got paid seems like a poor idea.

Fantasy Football Draft Picks to Target

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