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Calvin Johnson (142 fantasy points) for Steve Smith (111 fantasy points)
One of these players has 47 catches on 74 targets for 804 yards. He has had over 100 yards five times, maxing out at 130 yards.
The other has 46 catches on 73 targets for 918 yards. He also has had over 100 yards five times, and has topped 130 yards four times.
The former is Calvin Johnson, and the latter is Steve Smith. I am not suggesting that Smith will be better than Johnson the rest of this season—just that he will be one of the best receivers in the game.
Also, the gap between the two should continue to grow as much if Johnson cools off his crazy touchdown pace.
If you can trade Johnson for Smith and a better second running back, then do it.
If you don’t have Calvin Johnson—I would trade Wallace for Smith as well. Wallace has 16 fewer targets and over 100 less yards. With Antonio Brown and Emmanuel Sanders emerging last week, I doubt Wallace will be seeing more targets than Smith.
If Smith’s owner says no—Ask for different player in addition to Smith than the one you already asked for. There is most likely someone you could use who Smith’s owner is willing to part with to get Megatron.