Just two years ago DeAndre Hopkins and Michael Thomas were atop most Dynasty wide receiver rankings. As we enter 2022, I'm not sure either of them are No. 2 receivers in Dynasty, much less the No. 2 receiver. In fact, as you'll see in the rankings below, neither Hopkins nor Thomas cracked my top-25 in the latest update. 

Thomas' descent has been a long time coming. He's played seven games in the past two seasons and didn't score once in those seven games. He'll turn 29 years old at the beginning of March and we have no idea who his quarterback will be in 2022. We aren't even that sure he'll be on the Saints after a rocky couple of seasons.

Hopkins missed seven games last year due to a variety of injuries and he'll turn 30 before the 2022 season starts. He was good for Fantasy when he played in 2021, but that's almost entirely because he scored eight touchdowns in 10 games. His 57.2 yards per game was the lowest since his rookie year and he didn't top 90 yards once all season.

While those profiles don't paint a pretty picture, the thing that makes them more difficult to evaluate is just how incredibly good they've been otherwise. Hopkins averaged 89.1 yards per game and 9.3 touchdowns per season from 2017-2020. Thomas caught 274 passes in his last two full seasons. It isn't that hard to squint and find top-five PPR upside for either. At the same time, another major injury or interruption could have them in Adam Thielen (WR55) range by this time next year.

So what should you do with them? If you're not contending, you must move them. Just maybe not now. I would aim for a 2023 first, but if you can't land that now I would hold and hope there's a good stretch coming early in 2022 that you can capitalize on. If you are a legitimate contender, I wouldn't hesitate to buy for a late first price tag, especially if you can make it a 2023 pick. These are exactly the type of high-upside veterans that can push you over the top and they should both be as cheap as they've ever been.

Here are my updated Dynasty wide receiver rankings: