Josh Allen: Does He Deserve the QB1 Rank?

Jason Wood takes a detailed look at Josh Allen's fantasy prospects for the 2024 season.

Jason Wood's Josh Allen: Does He Deserve the QB1 Rank? Jason Wood Published 08/04/2024

The Consensus Top Dog

Josh Allen has been one of the best fantasy players at any position for the last four seasons. He has finished as the No. 1 fantasy quarterback three times and came in a close second in the other year. His dual-threat abilities set him apart in an era of mobile quarterbacks, and he once again ranks as the top option across the industry.

Allen is the consensus QB1 across the industry. He is our consensus QB1, as well, with 9 of 13 staffers ranking him QB1. One staffer ranks him QB2, two more (me included) rank him QB3, and one ranks him QB4. No one ranks him lower. His ADP is QB1, and he is 27th overall.

Is History on His Side?

Josh Allen is in rarified air. He's been a top-2 fantasy quarterback in four consecutive seasons, and if our 2024 rankings are accurate, he's set to make it a five-year streak. For context, I looked at the top-3 fantasy quarterbacks in each of the last 25 seasons. 

Top-3 Fantasy (Points per Game) QBs (2009-2023, Minimum 8 Games)

PlayerTop-3 FinishesLongest Top-3 StreakYears
Aaron Rodgers752008-2012, 2014, 2016
Josh Allen442020-2023
Donovan McNabb432002, 2004-2006
Drew Brees532008, 2009, 2011-2013
Daunte Culpepper422000, 2001, 2003, 2004
Jalen Hurts222002, 2023
Jeff Garcia322000, 2001, 2003
Russell Wilson322014, 2015, 2017
Tom Brady622007, 2010, 2011, 2015, 2016, 2021
Alex Smith112017
Andrew Luck112014
Ben Roethlisberger312007, 2009, 2018
Brian Griese112000
Cam Newton112015
Carson Palmer112005
Carson Wentz112017
Deshaun Watson112019
Justin Herbert112021
Kurt Warner2119,992,001
Kyler Murray112020
Lamar Jackson212019, 2023
Marc Bulger112005
Matt Ryan212016, 2018
Matthew Stafford112019
Michael Vick312002, 2006, 2010
Nick Foles112013
Patrick Mahomes II312018, 2020, 2022
Peyton Manning312004, 2006, 2013
Philip Rivers112008
Rich Gannon112002
Robert Griffin III112012
Steve Beuerlein111999
Steve McNair211999, 2003
Tony Romo112007

Key Takeaways

  • Aaron Rodgers is the only player with a five-year consecutive streak and the overall leader with seven top-3 finishes.
  • Tom Brady had six top-3 finishes but never did it for more than two consecutive years.
  • Drew Brees achieved five top-3 finishes, with his longest streak being three years.
  • Josh Allen is already alone in second place with his four-year streak.

While rare, it's not impossible for Allen to deliver another top-3 finish in 2024.

Life without Stefon Diggs

Stefon Diggs is now a Houston Texan. Regardless of what you think about Diggs in 2024 and beyond, it's impossible to overstate how valuable he was to Josh Allen during his 4-year run atop the fantasy rankings.

Stefon Diggs Stats and % of Bills Passing Game (2020-2023)

YearGmsTgtsRecsYdsYPRTDs%Tgts%Recs%Yds%TDs
2020161661271,53512.1827.9%31.0%33.2%20.0%
2021171641031,22511.91025.0%24.8%28.6%27.8%
2022161541081,42913.21126.8%29.9%34.1%31.4%
2023171601071,18311.1827.6%27.8%28.5%27.6%
Average16.51611111,34312.19.326.8%28.4%31.1%26.7%

Diggs was an alpha in the true sense, commanding nearly 27% of Josh Allen's targets, passing touchdowns, and over 31% of his passing yards. But the 2023 stat line hides a mysterious falloff in Diggs' performance late in the season. 

  • Weeks 1-9: WR4 with 70 receptions, 834 yards, and 7 touchdowns
  • Weeks 10-18: WR45 with 37 receptions, 349 yards and one touchdown

The question we need answered is how Diggs' drop-off affected Josh Allen's fantasy value. The answer? Not at all.

  • Weeks 1-9: QB2 with 2,423 passing yards, 18 passing TDs, 9 interceptions, 233 rushing yards, and 6 rushing touchdowns
  • Weeks 10-18: QB1 with 1,883 passing yards, 11 passing TDs, 9 interceptions, 291 rushing yards, and 9 rushing touchdowns

Allen remained atop the fantasy standings (in fact, he went from QB2 to QB1), although how he got there changed. His passing effectiveness fell off considerably, but his rushing touchdowns spiked enough to keep him atop the rankings. 

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The Bills WRs ADP vs. Allen's: Something Has to Give

It's hard to understand how we can all feel confident in Allen's continued success as the top quarterback while we seemingly have no faith in his wide receivers. Here are the current ADPs for the Bills' receiving corps:

2024 Bills Wide Receivers, Current Positional, and Overall ADP

PlayerWR-ADPOvr-ADP
Keon Coleman4699
Curtis Samuel50114
Khalil Shakir54126
Marquez Valdes-Scantling110277
Chase Claypool115294
Mack Hollins132342

Rookie Keon Coleman is the first off the board but is being targeted as a low-end WR4 in 12-team leagues. Veteran free agent Curtis Samuel follows closely behind at WR50, and incumbent Khalil Shakir comes off the board at WR54.

If we're right about Allen's fantasy prospects, we're collectively wrong about the Bills receivers. 

Here is a list of the top five fantasy quarterbacks for each of the last five seasons, along with their No. 1 and No. 2 receivers and their rankings.

PlayerYearQBRankWR1Rank-PPGWR2Rank-PPG
Josh Allen BUF20231Stefon Diggs14Gabe Davis52
Jalen Hurts PHI20232A.J. Brown7DeVonta Smith20
Lamar Jackson BAL20233Zay Flowers34Odell Beckham Jr66
Dak Prescott DAL20234CeeDee Lamb1Brandin Cooks46
Jordan Love GB20235Jayden Reed27Christian Watson43
Jalen Hurts PHI20221A.J. Brown7DeVonta Smith15
Patrick Mahomes II KC20222JuJu Smith-Schuster33Mecole Hardman34
Josh Allen BUF20223Stefon Diggs6Gabe Davis38
Joe Burrow CIN20224Ja'Marr Chase3Tee Higgins29
Justin Fields CHI20225Darnell Mooney64Equanimeous St. Brown116
Josh Allen BUF20211Stefon Diggs11Cole Beasley51
Tom Brady TB20212Chris Godwin7Mike Evans12
Justin Herbert LAC20213Keenan Allen13Mike Williams18
Patrick Mahomes II KC20214Tyreek Hill8Mecole Hardman67
Kyler Murray ARI20215DeAndre Hopkins21Christian Kirk35
Josh Allen BUF20201Stefon Diggs3Cole Beasley31
Patrick Mahomes II KC20202Tyreek Hill2Sammy Watkins71
Kyler Murray ARI20203DeAndre Hopkins5Christian Kirk56
Aaron Rodgers GB20204Davante Adams1Allen Lazard60
Deshaun Watson HOU20205Will Fuller8Brandin Cooks16
Lamar Jackson BAL20191Marquise Brown50Willie Snead IV95
Deshaun Watson HOU20192DeAndre Hopkins4Will Fuller38
Dak Prescott DAL20193Amari Cooper16Michael Gallup18
Russell Wilson SEA20194Tyler Lockett24DK Metcalf43
Patrick Mahomes II KC20195Tyreek Hill12Sammy Watkins60
Average Rank   15.2 45.2
% Top 12   64.0%  
% Top 24   80.0%  
% Top 36   92.0%  
% Other   8.0%  

64% of the top-5 quarterbacks had a top-12 fantasy receiver, and 80% had at least a top-24 fantasy receiver. Nearly everyone had a top-36 option. So, while it's not impossible for Josh Allen to sustain elite production without an alpha receiver, the odds are strongly against it. I know some of you are saying, "Dalton Kincaid is the de facto No. 1." While that's true, you have to understand that many of these quarterbacks also had robust secondary fantasy options, including elite tight ends. 

The Joe Brady Era

I wrote a deep dive into all the NFL's new play-callers and analyzed Joe Brady, who took over as interim last year before officially getting the job this offseason. He's enigmatic, and we cannot be sure he'll sustain the Bills' recent productivity. 

No one can argue with a 6-1 record after the team—a preseason AFC favorite—had struggled to a 5-5 record under Dorsey. Ultimately, what changed was fairly simple: Brady remained committed to running the ball regardless of the game script. Dorsey fell in love with the passing game and would too often abandon the run, which led to turnovers and predictable play patterns. Brady dramatically altered the run/pass ratio, and that seemed to fix things, even though statistically, the offense was already putting up a ton of points.

2023 Bills Offense: Ken Dorsey vs. Joe Brady

Play-CallerDorseyBrady
Games107
Cmps/Gm24.619.9
Atts/Gm35.032.7
Cmp%70.3%60.7%
PaYds/Gm260.0243.7
YPA7.47.4
PaTD/Gm1.91.4
TD%5.4%4.4%
INT/Gm1.11.0
INT%3.1%3.1%
Sack%3.1%5.7%
Rush/Gm25.237.0
RuYds/Gm116.5149.4
YPRush4.64.0
RuTD/Gm1.21.4
TD/Gm3.12.9
Pass%58.9%48.3%
Run%41.1%51.7%
PPG26.227.0

We don't want to read too much into a seven-game sample, but if Brady's tendencies last year hold, Allen will look very different in 2024 and will need to rely on his rushing output even more than he already does to sustain fantasy greatness.

Is the Offensive Line a Competitive Advantage?

The Bills offensive line ranked 6th in PFF's year-end analysis, partly because the unit played all 17 games together.

  • LT Dion Dawkins (1,120 snaps)
  • LG Connor McGovern (1,136 snaps)
  • C Mitch Morse (1,129 snaps)
  • RG O'Cyrus Torrence (1,164 snaps)
  • RT Spencer Brown (1,161 snaps)

This year's unit will look a bit different as Morse departed in free agency. The plan entering training camp is to move McGovern to center and insert David Edwards, last year's swingman, into the left guard spot.

  • LT Dion Dawkins
  • LG David Edwards
  • C Connor McGovern
  • RG O'Cyrus Torrence
  • RT Spencer Brown

It's worth noting that Footballguys offensive line guru Matt Bitonti is skeptical about this year's reshuffled line, ranking the unit 15th versus PFF slotting them in as the No. 8 unit

What If Allen's Rushing TDs Normalize, but the Passing Offense is More Conservative?

Josh Allen scored 15 rushing touchdowns last season, which helped offset Joe Brady's conservative passing attack in the second half of the season. Let's play devil's advocate and say that Brady's run/pass ratio sustains, but Allen's rushing touchdowns normalize. How would he rank as a fantasy quarterback?

YearGmsRushRuYdsRuTD
201812896318
2019161095109
2020161024218
2021171227636
2022161247627
20231711152415
Average16109.5601.88.8

Allen averaged 7.6 rushing touchdowns in his first five seasons. Let's apply the Bills team tendencies under Brady and substitute Allen's 15 touchdowns with a more reasonable eight scores. 

Per-Game Stat Projections Assuming Brady's Tendencies plus Allen's Historic Rush TD Average

StatsPer Game
Comps19.9
Atts32.7
PaYds243.7
PaTD1.4
INT1.0
Rushes7.0
RuYds38.4
RuTD0.4
FPTs/Gm20.8

Allen would score 20.8 fantasy points under this scenario. This is how 20.8 fantasy points would've ranked in recent seasons:

  • 2023 -- QB5
  • 2022 -- QB6
  • 2021 -- QB10
  • 2020 -- QB13
  • 2019 -- QB7
  • 2018 -- QB8
  • 2017 -- QB4
  • 2016 -- QB6
  • 2015 -- QB7
  • 2014 -- QB4
  • Average -- QB7

While a QB7 finish isn't a disaster, it's far less than you expect if you draft Josh Allen as the QB1 in the third round. 

Josh Allen's Recent Stats

SeasonGamesCompsAttsPaYardsPaTDsINTsRushesRuYardsRuTDsFumLost
2021174096464407361512276363
2022173625734316351412677675
20231738557943062918111524154

Josh Allen 2024 Projections

ProjectorGamesCompsAttsPaYardsPaTDsINTsRushesRuYardsRuTDsFumLost
Footballguys Consensus16.3351.6538.3415826.614.4111.05609.33.9
Justin Freeman17.0289.2409.3462228.610.5109.35546.85.2
Bob Henry16.0357.0548.0398527.515.0121.058011.03.0
Maurile Tremblay16.8382.0589.0416923.918.1113.053810.91.9
Jason Wood16.0359.0560.0414026.014.0101.05508.05.0

Final Thoughts

Josh Allen has been the best fantasy quarterback since becoming the full-season starter four years ago. If he delivers another top-3 finish this year, he'll tie Aaron Rodgers' consecutive top-3 streak. The consensus assumes that Allen is the plug-and-play No. 1, and he'll almost assuredly be drafted first in most redraft leagues. But what if we're being complacent? There's a new offensive coordinator. Stefon Diggs is gone. The offensive line is undergoing significant changes. And Allen's 15 rushing touchdowns last year are almost assuredly a massive outlier, considering he averaged half that in his prior seasons.

The good news is that even if last year's conservative game plan under Joe Brady continues and Allen's rushing touchdowns normalize, it looks like he has a top-8 floor. So as long as Allen is healthy, drafting him won't be a disaster. However, if you take a quarterback in the third round, you want more than "not a disaster." You want a weekly difference-maker, a game-breaker. My projections have him as the QB3, still part of the elite tier. But you might be better off focusing on another position in the third round of drafts this year and letting someone else count on another QB1 finish.

 

Photos provided by Imagn Images

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