Manning, Stokley together again as Denver Broncos.

The Denver Broncos are going to be busy transforming themselves into Peyton Manning’s football team and they took another step in that direction Tuesday, signing former Colt and Bronco Brandon Stokley.

Manning and Stokley know each other well from their time together in Indy from 2003-06. Stokley was a key player in the Colts offense as a slot receiver and helped Manning put up record breaking numbers.

Stokley played in only two games with the New York Giants last season, catching just one pass before being released due to an injury settlement on September 25th. Back in 2010, Stokley had an ok season with the Seattle Seahawks, playing in 11 games catching 31 passes for 354 yards, no touchdowns.

Fantasy PPR Analysis: The signing of Stokley has generated quite a bit of buzz and I really do not see why. He’s in his late 30′s now and there are real doubts about whether his body can handle the rigors of an NFL season, nor is he even a lock to make the roster. The contract details can give us a better idea of Denver’s thinking with this move.

As for Stokley’s fantasy value, the best case scenario is him making the team as the 3rd receiver and catching around 50 passes. Even in his heyday, he’s caught 50 or more passes only once and went over 1,000 just once, in Manning’s 2004 record-breaking season.

With that in mind, Stokley does not have a ton of value this season. He is nothing more than a bye week option for fantasy owners.  Do not waste a pick on this player. Just too much risk health wise. You want the players on your bench to have upside and at this stage of his career, Stokley has virtually none of that, which hurts his fantasy value even more. The fact that his signing is getting any attention shows how slow the free agent market is at this point, the draft is almost upon us folks!

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