Josh Downs Fantasy Projection 2026: Should You Draft the Colts WR in Fantasy Football?

Michael Pittman's exit opens the slot in Indianapolis. Why Josh Downs is the Colts receiver to draft in 2026 fantasy football, not Alec Pierce.

A door has opened up for Josh Downs to be a weekly option in fantasy football lineups, and the fourth-year receiver has shown glimpses of being capable of walking through it. The QB position isn’t a strength in Indianapolis, but is it possible that Downs can provide great bang-for-buck production anyway?

PFN Fantasy Draft Simulator
Run a full draft against AI opponents before the real one. Set your league size, slot, and scoring with PFN's FREE Fantasy Draft Simulator and see how your board actually falls.

Should You Draft Josh Downs in Fantasy Football?

I don’t want to be overly dramatic, but this is why we play fantasy football.

Michael Pittman may be seven inches taller than Downs, but his departure for the Steel City opens up a role that the undersized slot machine can fill in his fourth season, allowing him to become a high-floor asset in PPR settings. Or maybe not.

Situations like this are the ones that reward managers who are willing to work. The raw size difference would leave many to think that Pittman’s absence impacts Alec Pierce in a more significant way, and his massive deal this offseason only fuels that general belief.

But that’s lazy.

START PREPARING: PFN’s FREE Fantasy Mock Draft Simulator

Despite his height, Pittman has averaged a tick over 10 yards per catch since 2022 and is coming off his most involved season out of the slot. He’s nothing like Downs in a physical sense, but his vacated responsibilities figure to fall at the feet of the former third-round selection, and we have to be ready to pounce.

Pierce did enough to prove to the franchise that he’s an offensive cornerstone, though I think there’s a chance we are putting the cart before the horse with him, which clears a path for consistent volume to flow through Downs.

We know that Pierce is exceptional at what he does (career: 18.7 yards per catch and 29.5 yards per touchdown reception), but we’ve yet to see him show much route versatility. His role is valuable, don’t get me wrong, but it can only be maximized if defenses are worried about getting gashed in the middle of the field.

FANTASY RANKINGS: PFN’s FREE Fantasy PPR, Half-PPR, and Non-PPR Rankings

Enter Downs. For his career, he’s put 15.4 PPR points on the board per game when earning at least nine looks, and I think we can agree that his opportunity equity is as high as it’s ever been. Tyler Warren is going to get plenty of steam, and he deserves it, but in an offense that lacks a rock-solid option at quarterback, can you ever have too many weapons working those underneath routes to stay ahead of the chains?

Downs has been targeted on 25% of his career routes run in the red zone, a strength that I think will surprise most. That rate was in the Ja’Marr Chase/CeeDee Lamb tier a season ago, and while Downs wins in different ways than they do, fantasy is a stats game, not a “how you get them” game.

If he can continue to win on those valuable routes at a high level, and his involvement in those sets spikes as expected with Pittman a Steeler, it’s not hard to see Year 4 for Downs being one to remember.

Preseason Fantasy WR Rankings

  1. Ja’Marr Chase | CIN
  2. Puka Nacua | LAR
  3. Jaxon Smith-Njigba | SEA
  4. Amon-Ra St. Brown | DET
  5. Drake London | ATL
  6. Justin Jefferson | MIN
  7. CeeDee Lamb | DAL
  8. Nico Collins | HOU
  9. A.J. Brown | NE
  10. Malik Nabers | NYG
  11. George Pickens | DAL
  12. Chris Olave | NO
  13. Rashee Rice | KC
  14. Zay Flowers | BAL
  15. Jaylen Waddle | DEN
  16. Tee Higgins | CIN
  17. DeVonta Smith | PHI
  18. Ladd McConkey | LAC
  19. Terry McLaurin | WAS
  20. Emeka Egbuka | TB
  21. Tetairoa McMillan | CAR
  22. Garrett Wilson | NYJ
  23. Jameson Williams | DET
  24. Christian Watson | GB
  25. Luther Burden III | CHI
  26. Rome Odunze | CHI
  27. Parker Washington | JAX
  28. Carnell Tate | TEN
  29. DJ Moore | BUF
  30. Marvin Harrison Jr. | ARI
  31. Davante Adams | LAR
  32. Brian Thomas Jr. | JAX
  33. Quentin Johnston | LAC
  34. Mike Evans | SF
  35. Stefon Diggs | WAS
  36. Michael Wilson | ARI
  37. DK Metcalf | PIT
  38. Jakobi Meyers | JAX
  39. Josh Downs | IND
  40. Michael Pittman Jr. | PIT
  41. Jayden Reed | GB
  42. Courtland Sutton | DEN
  43. Wan’Dale Robinson | TEN
  44. Chris Godwin Jr. | TB
  45. Alec Pierce | IND
  46. Makai Lemon | PHI
  47. Jordan Addison | MIN
  48. De’Zhaun Stribling | SF
  49. Khalil Shakir | BUF
  50. Romeo Doubs | NE

More Fantasy Football Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Fantasy Articles

Jakobi Meyers Fantasy Projection 2026: Why the Jaguars WR Is the Steady Fantasy Football Pick

Jakobi Meyers hit double-digit points in 59% of his games since 2022. Why the Jaguars WR is the steady 2026 fantasy football pick that keeps you afloat.

Emeka Egbuka Fantasy Projection 2026: Should You Draft the Buccaneers WR in Fantasy Football?

Emeka Egbuka finished as a top-12 WR three times in his first five weeks, then faded. Is the Buccaneers receiver worth his 2026 fantasy football price?

Ja’Marr Chase Fantasy Projection 2026: Should You Draft the Bengals WR in Fantasy Football?

Ja'Marr Chase has averaged 20.4 PPG with Joe Burrow and never finished outside WR1 range. Why he's PFSN's WR1 and the third pick in 2026 fantasy drafts.