I pass on him in a redraft until I know he is back with the team.
I know...if the guys is sitting there at pick 7-11, you have to be SO tempted to snatch him up and think you have a top 3 RB but you have to remember:
-Most FF seasons play through about week 13 before the playofs. In a redraft, you absoultely MUST get production out of your top pick. You can not afford to lose 25% or more of your season. You just can't.
-Also, and I know I'm in the minority, I think Johnson is somewhat overrated. He puts up the aggregate points to where people are saying he's a top 3 stud, etc, but in reality he is very feast or famine. Last year, 7 of his games resulted in no TDs AND less than 70 yards. That's more than half your season of stat lines that look like 16-67-0. So, yes, he certainly can win you games with some huge efforts, in some weeks. But overall, I think even at pick 7, 8, 9, etc, I would want the weekly performance of a McCoy, McFadden, AJ, Calvin for the year. Add that to not having to worry about the holdout and I don't like CJ at those spots at all.
-Injury risk has to be thought of. Yo can't go from sitting at home to playing without conditioning. I know...someone will say "its not like he is JUST sitting at home on his couch dude!. He's working out". I get that but its nots the same level and intensity and we ahve seen that clearly this season as guys have been working out on their own during the lockout and then they show up to camp and its a hundred hammys here and 50 achilles/ankles/quads there. Just not the same.