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2024 Undervalued / Overvalued: Running Backs



By Michael O'Hara | 8/14/24 |

Deciding on a plan of attack at the running back position often determines how the rest of your draft will unfold. Most draft strategies (Zero RB, Hero RB, etc.) revolve around running backs after all.

But determining how to value each running back can be tricky. Do you try to pinpoint the players who will be among the league leaders in touches? Do you look for “talented” running backs who will be highly efficient? For most drafters, valuing a blend of both characteristics will be most beneficial. But regardless of your process in evaluating running backs, every drafter’s goal should be the same: target the players undervalued by the market while avoiding those who are overvalued.

Note: ADP based on PPR scoring

Undervalued

Jaylen Warren

Jaylen Warren, Pittsburgh Steelers
ADP: 7.11, RB27

Jaylen Warren is beloved by the fantasy community, but it comes with good reason. He has an incredibly diverse skill set and is also extremely effective with the ball in his hands. As a rusher, Warren was arguably the most efficient player in the NFL last season. He ranked in the top five in nearly every relevant efficiency metric: yards after contact per attempt, missed tackles forced per attempt, rush yards over expected per attempt, and explosive rush rate.

Warren has pass-catching chops as well. He saw 74 targets in 2023, the 5th most among running backs. His 15.3 percent target share ranked 6th. As you might expect, Warren was incredibly efficient with those looks as well. He ranked 9th in yards per route run.

Warren finished as the RB22 last year but a top-20 season is very realistic in 2024. The Steelers hired Arthur Smith to be their offensive coordinator, who has been known to operate the league’s most run-heavy offenses. Quotes coming out of Steelers training camp indicate that we can expect more of the same, with the running backs being the offensive focal point. Warren is in line to see a career-high in touches and has the talent to make the most of his opportunities. He is set up to pay off at his current RB3 price tag.

Brian Robinson Jr., Washington Commanders
ADP: 8.10, RB33

Brian Robinson Jr. is another running back selected in the RB3 range who is a good bet to beat his ADP. Following an RB21 season, drafters are now nervous about Robinson’s outlook given Austin Ekeler’s presence in the backfield.

But what sort of threat does Ekeler pose? His primary role in this offense will likely be through the air, leaving Robinson as the primary rusher in the backfield. We just saw Robinson deliver an RB21 season in this exact situation: a split backfield where he made minimal contributions as a receiver. Last season, Robinson maintained a 45 percent snap share, handled 49 percent of the carries, and earned a 7 percent target share en route to 43 targets. Once again, this usage led to an RB21 finish and Robinson should see a similar role this year.

Not to mention the fact that Kliff Kingsbury’s offense boosts Robinson’s outlook. During Kingsbury’s time in Arizona, the Cardinals consistently ranked at the top of the league in terms of pace. It’s fairly straightforward but a high pace means more plays for the offense and more carries for Robinson. Kingsbury was often able to orchestrate potent rushing attacks in Arizona. In three of his four years, the Cardinals ranked top-10 in rushing yards and rushing touchdowns.

Drafters should be willing to lean into the uncertainty surrounding Washington’s backfield. Robinson is not in a massively different situation this year, and you could even argue that it’s improved with Kingsbury’s presence. He’s an easy buy as an RB3.

Overvalued

James Cook, Buffalo Bills
ADP: 3.12, RB13

When drafting a running back in the early rounds, you’d ideally like them to check at least two of these three boxes: dominates the rushing work, strong usage as a receiver, and goal line usage. James Cook checks just one of these boxes which makes him a rather scary pick in Round 3.

The Bills will do just about anything in goal-to-go situations other than giving James Cook the rock. Cook finished the year with four goal line carries. Meanwhile, Latavius Murray saw 12, Damien Harris got three (six games), and Josh Allen had 14. It doesn’t seem much will change for Cook this year. Allen is still a lethal goal line weapon and Buffalo added Ray Davis, a 220-pound bruiser, in the NFL Draft.

Cook is a shifty back who can generate explosive plays, but he doesn’t see elite usage as a receiver. His 54 targets (19th) and 9.9 percent target share (25th) were rather pedestrian. They are not poor, but this usage is far from the upper echelon of pass-catching running backs. The departures of Gabe Davis and Stefon Diggs open up the opportunity for Cook to earn more work as a receiver, but it’s hard to see an outcome where his receiving role dramatically grows.

Given Cook’s lack of the most valuable touches a running back can see, it’s hard to be bullish about him finishing as an RB1 this year. He will require elite efficiency and a handful of breakaway touchdowns to pay off at cost. There are far better options at the back of Round 3 this season.

Nick Chubb, Cleveland Browns
ADP: 8.03, RB29

There’s no other way to put it… drafting Nick Chubb in Round 8 as an RB3 is ludicrous. Given everything surrounding his road to recovery, Chubb belongs firmly in the double-digit rounds and RB4 territory.

First, we have Chubb’s timeline for recovery from his knee injury. The Browns have given no concrete timeline for return, but medical professionals in the fantasy space have indicated that a mid-season (Week 6-8) return is the most likely outcome for Chubb. Obviously, this timeline is subject to change, but if he does not return until Week 6 or so, it becomes very hard to justify a Round 8 pick.

Aside from the timeframe, Chubb’s effectiveness when he’s on the field is up in the air. His injury last season was a multi-ligament (ACL, MCL, meniscus) tear. Multi-ligament tears typically take two years to fully recover from and running backs often fail to return to their baseline production in their first year back. Javonte Williams was a clear example of this last year. Chubb is a running back who has relied on high-end efficiency to deliver fantasy production. Coming off this injury, his ability to be highly efficient is suspect at best.

All things considered, the risks surrounding Chubb are absolutely enormous. League-winners and breakouts often emerge from this range, and taking a stab at a potential star seems to be a far better bet than hanging onto the corpse of Nick Chubb.






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