Coming off an injury-marred 2025 campaign, Reed signed a three-year, $50.3 million extension in April, opting for security as he enters the final year of his rookie contract. He didn't have much fantasy hype back in 2023, coming out of Michigan State as the 50th overall pick, but that didn't stop Reed from quickly becoming a big-play threat (and occasional ballcarrier) out of the slot. He scored 10 total TDs (two rushing) in 16 regular-season games as a rookie, averaging 13.5 PPR points while piling up 94 targets and 11 carries. Reed provided something similar for the Packers in 2024, his second NFL season, but with 19 fewer targets over one more game, dropping his PPR average to 11.7 points even though his per-touch efficiency was elite. Then came 2025, in which he suffered a Jones fracture pre-season and a collarbone fracture in Week 2. Reed somehow ended up playing seven regular-season games, but with minimal production and just 3.2 targets per game. Things set up much better for Reed in 2026, after the Packers emptied out their crowded WR room this offseason, leaving a clear top three of Reed, Christian Watson and Matthew Golden. There's still the ever-present concern about Packers coach Matt LaFleur only using Reed in three-wide formations, but reduced depth at the position might inspire LaFleur to change his mind at some point in 2026.