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It's not that Larry Fitzgerald isn't good. The Arizona Cardinals WR is a sure-fire fantasy stud, one of the most talented WRs of the last decade and a sure-fire hall-of-famer.
But a first round pick? That's nothing short of ridiculous.
Let's do a blind player comparison of 2012 statistics:
Player A: 16 games, 82 Rec, 1536 yards, 9 TD
Player B: 16 games, 80 rec, 1411 yards, 8 TD
Surprisingly, player A is Victor Cruz and player B is Larry Fitzgerald.
The difference? Not much—other than the fact you can get Cruz in the 3rd-4th round and Fitzgerald in the 1st.
There's no question that Fitzgerald is a better and more talented wideout. However, there's a big difference between Kevin Kolb or John Skelton (currently in QB battle) and Eli Manning. Fitzgerald just doesn't play in the right offense to produce 1st round fantasy picks and that won't change this season.
Fitzgerald is likely the 2nd best fantasy WR behind Calvin Johnson. However, he's so statistically similar to many 3rd-4th round picks that a 1st round selection is completely absurd.
Pick: Late 2nd Round