Fantasy Upside
Adam Thielen caught 74-of-108 targets for 925 yards (12.5 Y/R) and 14 touchdowns, finishing as WR7 in half-PPR points per game. It was a strong bounce-back season after he was limited to 30 receptions and 418 yards in 10 games in an injury-plagued 2019 year. Thielen has developed phenomenal chemistry with Cousins, becoming the top option in the red zone, as evidenced by his gaudy touchdown output from this past season. He has the upside to finish as a high-end WR2, especially if the Vikings' defensive struggles continue, forcing them into more shootouts. If Justin Jefferson were forced to miss time to injury, Thielen would jump onto the WR1 radar.
Fantasy Downside
Thielen is now entering his age-31 season. He failed to eclipse 1,000 yards last year and his fantasy value was primarily due to an inflated touchdown output that is an outlier that is highly unlikely to be repeated. Jefferson has surpassed Thielen as the top target in this offense. From Weeks 10-17, Jefferson put up a 28.52% target share, much higher than Thielen’s total of 20.75%. This is bad news for a wide receiver who is now on the wrong side of 30, playing in a run-heavy offense. The Vikings need to maintain last season’s passing volume in order for Thielen to provide value. If the improved defense results in more rush attempts, this does not bode well for Thielen.
Bottom Line
While Thielen has been among the more consistent wide receivers when healthy over the past three seasons, it feels like he carries more risk than usual this season. When Stefon Diggs was in Minnesota, it was a 1A/1B target distribution among the two, while Jefferson looks like the clear-cut top option heading into the 2021 season. Currently being drafted as WR23 (47.5 ADP), it seems that Thielen’s increased risk has been baked into his cost. While Thielen isn’t a player who I’m prioritizing this season, he should be able to provide value on the WR2/3 fringe. He has too much chemistry with Cousins to completely fall off in his age-31 season.