I think Gates' decline in value is less about his situation and more about the emergence of other TEs in the league. You can get quality, consistent production from the 6th or 7th TE off the board. That hasn't always been the case.

End of thread. Here's a little snippet I wrote on Gates a few weeks ago and I think it's still true:As a card carrying member of the "Gates Is A God" fan club this one is personally painful to me. When I look at the state of fantasy tight ends right now I flash back to a rock solid guest article we published by Scott Girasia back in July, "Is Gates a 3rd round pick?"
At the time I wholeheartedly disagreed with Scott's assessment (The Cliff's Notes of his analysis was that the answer was NO). But when I'm wrong I say I...ummm, wasn't totally right.
Beyond this season's stats (which saw Gates dethroned in his quest to 4-peat as #1 TE in most formats) are telltale signs that he is no longer in a tier of his own. As with many things FF, his drop in value has very little to do with Gates himself than does the "field's" improvement.
Jason Witten, Kellen Winslow and Chris Cooley ALL solidified their positions in terms of "times targeted" for '08 and beyond. And a handful of other tight ends made a strong case for why they should be leaned on even more next year. Heath Miller, Donald Lee, Owen Daniels and Dallas Clark and Vernon Davis are all screaming "WE GOT NEXT!" Much of Gates' value until now has relied on the fact that by January you could rest assured that he would have more chances than his peers to score you points.
Here's a quick rundown on the top 6 TE times-targeted weeks 1-16 (before Gates dislocated his toe):
1) Gonzalez - 146
2) Gates - 106
3) Cooley - 104
4) Shockey - 98
5) D. Clark - 96
6) Daniels - 91
Now make no mistake about it. This groupie isn't telling you Gates is no longer the best TE in football (he is).
But in '05-'07 there was justification for drafting Gates two full rounds ahead of every other tight end. That justification is gone now.