In support of this concept, I refer to a one year data set - last year. Statistically last year, the gradual decline in WRs occurred between WR3 and WR15 (between 2 and 3 points a game separated the WR3 from the WR15). A steep drop occurred between WR2 and WR3. If you assume that your rankings are perfect (even if your projections are not), you can probably see that taking an elite WR (which only Moss and Harrison are for this year) is warranted in the early second, but the value of taking the WR3 up there is not IF you assume that he hits WR3 status and that will not be close enough production-wise to the WR1 or 2 to justify a selection that far ahead of WR 4, 5, 6 who are selected a round later. Since Holt is going only a few slots after the WR2, he is overvalued there - but he has good value if he lasts into the later part of the second since the early to mid third round is where the WR 4-5-6 will go. Holt should be selected a few slots ahead of where the WR4-5-6 start coming off rather than a few slots behind the WR 1-2 is, I believe, GoRaiders' essential argument here.You can get an "almost as good" receiver with the WR 5, 6, or 7 as the WR3, if you take last year's data only. I have not projected this out for when TO made for an elite three, but in my mind it is analogous to why C-Pepp and Manning go so close together in the late second/early third and no other QB will then be selected for a littel while - about a round. That is, unless someone takes a chance on Vick. Holt = Vick. Both are overrated when selected near the top-2 at the position, even though both *could* top one of the guys ahead of them, and are maybe the most likely of the next group to do so - but are selected at much better value immediately ahead of the WR4, and QB4.