Fantasy Upside
The Ravens signed Derrick Henry to a two-year, $16M contract this offseason after purportedly attempting to trade for him last fall. In the process, the team let Gus Edwards and J.K. Dobbins walk in free agency. Henry finds himself behind a much better offensive line than he's been used to in the last few seasons and an even better all-around offensive environment. With the team pulling back the reigns on Lamar Jackson's goal-line rushing, Henry has a non-zero chance at leading the league in rushing touchdowns.
Fantasy Downside
There is likely to be some sort of rotation in Baltimore, but it's uncertain exactly what it will look like. Justice Hill has become a rotational staple, Keaton Mitchell looked incredible when he was on the field last season, and, of course, Lamar Jackson is liable to take plenty of designed runs himself. Because of Jackson's wheels, he has never been prone to checking the ball down at a high rate, and outside of screen passes, Henry isn't known for his receiving work in the first place. We could have some low-floor performances for the 30-year-old RB.
2024 Bottom Line
Derrick Henry has the talent to overcome some of the small red flags presented to him in his new home. Henry produced top-10 numbers in a ton of key metrics last season in a far worse situation. Even if the veteran bulldozer has lost a step, he still has incredible fantasy upside as a goal-line back, and the typical Ravens' RB rotation is likely to be more substantial this year, particularly if Keaton Mitchell misses a lot of time. Henry is once again a locked-in RB1 with upside for 25-point weeks.
