Positional ADP: WR42 | Projected Finish: WR49
Cameron Meredith is being drafted at a slight discount to his 2016 positional finish, so there are definitely reasons to think he might be a bargain. On the other hand, the Chicago Bears aren't exactly a great offense.
Presumptive starter Mike Glennon hasn't seen regular action since 2013, when he dropped back 456 times and averaged negative NEP per drop back (-0.05). Since 2000, there are 384 quarterbacks seasons with more than 400 drop backs. Glennon's performance ranks 340th. Don't expect Glennon to help Meredith.
Mitchell Trubisky could start, but it's hard to say he'll be a boon to the passing game. We project the Bears as a team to produce an Offensive NEP of just 22.8 points, one of the worst marks in the league.
We also can't expect Meredith to easily dominate the team's targets. The Bears still have Kevin White, who's been underwhelming but still represents a lot of draft capital and should get ample opportunity. Chicago also brought in (deep breath) Kendall Wright, Markus Wheaton, Victor Cruz, and Rueben Randle (phew). None of those guys are great, but they've all had longer periods of success than Meredith. One or more of them could take away some work.
Meredith is fighting for targets from a dubious pair of passers, is in a crowded receivers corps, and plays on a bad offense. No thanks.
Instead Try
The Jets' Quincy Enunwa is available after Meredith, and he has a higher ceiling. We project him as the WR32, meaning he should have every-week fantasy utility. Our Matt Franciscovich thinks Enunwa has even more upside, noting that since Enunwa has "attributes of both an X and a Z receiver plus the ability to line up at tight end due to his size. ... He’s a unique and versatile weapon."