No list yet, but Owens will not be in my top 10 period. Guys that I would take before him would include Moss, Harrison, Holt, C. Johnson, H. Ward, Boldin, Mason, Horn, Steve Smith, and maybe one or two others.
Backing this up with this thread and some of the numbers that I spent hours crunching.
How free agent wide receivers fare with their new team
Copy and pasted from other link for those with not enough time to read the entire thread.
"Okay Tick,
I ran some numbers as well and came to some of the same conclusions although I took it a step further with some of the analysis. Starting out I wanted to have enough data points to make the analysis meaningful, but I didn't want to use too low of a benchmark to render the results useless.
Study 1
Null Hypothesis: Using FBG scoring for WRs, receivers who score at least 120 fantasy points with their old team in year X, perform as well for their respective new team in year X+1.
Alternative Hypothesis: WRs who move to a new team after a good season tend to perform worse in the next season for whatever reason (age, a new system, etc.).
Data: Using pro-football-reference.com, there were 45 occasions in which a player scored over 120 fantasy points and then switched teams (Art Powell and Andre Rison actually made the list twice) over the last 50 years.
The results showed over a 36% decline in production in year X+1 with the new team. Of the 45 times that this occurred, only 7 cases showed improvement in the next year (only 4 cases in the last 31 years). Using a paired t-test for validity gave a t-stat of 6.34 > 1.68. It appears in this case that one can reject the null hypothesis and conclude that there is, on average, a significant decline in production when a player hits this benchmark of 120 fantasy points or greater and then plays for a different team the next year.
Study 2
Null Hypothesis: After a WR has scored over 120 fantasy points with his old team in year X, a receiver needs a second season with his new team to begin performing up to his respective levels. Performance in year X with old team is similar to performance in year X+2 with the new team. Additional hypothesis is that performance in year X+2 is greater than in year X+1.
Alternative Hypothesis: WR still underperforms in the second year with his new team.
This study reduced the number of data points to 35 since some players did not play in that next year (X+2). Not only did their performance, on average, not bounce back up but the respective performance was down an additional 8.5% in year X+2 from year X+1. In other words, it even got worse than the first year with the new team. ((This reduction in year x+2 was not significant enough to reject that the results were different from year X+1 to year X+2 (t stat of 1.01 < 1.69)). However, the original null hypothesis can be rejected in this case because the t stat came in at 5.25 > 1.69. So, one can conclude that receivers do not necessarily improve upon their performance with the extra year of getting used to the system with their respective new teams.
Study 3
Null Hypothesis: Elite receivers are different. Anyone can score 120 fantasy points. That's only 900 yards and 5 TDs. However, stud WRs are different. For example, Terrell Owens is most likely switching teams this year. These numbers don't really apply to studs. Studs will be studs no matter where they go or who they play for.
Alternative Hypothesis: They still face a number of challenges such as a new system, a new QB throwing to them, getting older, etc.
Data: Terrell Owens had 164 fp in 2003. Using WRs who had at least this many fantasy points and then switched teams yielded only 7 data points over the last 50 years. Not one of them had more fantasy points with their new team in year X+1 or X+2. Only one of them, Keyshawn Johnson, went back over the pedestrian mark of 120 fp in his first year with his new team. Even with only 7 data points, the t stat is 6.14 > 1.94, so we can safely conclude that even elite receivers have difficulties making the adjustment to a new team.
The bottom line is I probably won't have Terrell Owens or any other big name FA WRs on my teams next year because someone will have them ranked higher than they should be. Coles was a nice exception to the rule last year, but determining which players are going to break these historical trends is not a game I want to get involved with."