Fantasy Upside
T.Y. Hilton has been a fascinating option ever since joining the league and he had his best season yet in 2014 as he finished with 1,345 yards (sixth highest in NFL) and seven touchdowns on 82 receptions. His speed makes him a threat to create big plays and he proved it by having 21 receptions of 20 yards or more, which was best for sixth in the league. He brings plenty of potential to any fantasy roster as the No. 1 option in a high-powered offense led by Andrew Luck.
Fantasy Downside
Hilton's downside is that he has likely reached his peak. It's not a bad thing because he did so well last season, but there's not much room for improvement. The Colts added Andre Johnson (free agency) and Phillip Dorsett (draft), will incorporate Donte Moncrief more after a strong finish to 2014 and have two talented tight ends as well. There are so many weapons in Indianapolis that Hilton no longer has to be the main man.
Bottom Line
While there are a lot of mouths to feed in Indy, Hilton will still be the No. 1 option. He should easily get at least 1,000 yards and should be viewed as a WR1 in PPR and standard formats. Just don't expect his numbers from last year to increase. In fact, they're more likely to decrease a tad.