Three and out: Colston, Wayne stay at home

Reggie Wayne still a Colt: In a surprising move, the Colts kept Wayne with a three-year deal. A former fantasy star, Wayne projects to be the top option in the pass attack for presumed No. 1 overall pick Andrew Luck. That’s the good news. The bad news is that Wayne is 33 and past his prime, so don’t expect a major rebirth like the one Steve Smith experienced with the Carolina Panthers and Cam Newton last season. While a slight increase in his 2011 numbers should be expected, I still see Wayne as a No. 3 fantasy wideout and worth a middle- to late-round choice.

Saints retain Marques Colston: Fantasy owners breathed a sign of relief Tuesday when it was reported that Colston had re-signed with the team that drafted him out of Hofstra. The move keeps the veteran wideout in New Orleans, where he’ll continue to catch passes from superstar quarterback Drew Brees while retaining much of his fantasy appeal. Colston is a bit of a risk because of his problematic knees, but he does have three straight 1,000-yard seasons under his belt and will remain a high-end No. 2 fantasy wideout in most formats heading into 2012.

Chargers add Robert Meachem: With Vincent Jackson now out of the mix, the San Diego Chargers agreed to terms with Meachem on a four-year deal. It’s a nice fit for the veteran wideout, who will have Philip Rivers throwing him the football and figures to step right into a starting role opposite Malcom Floyd. However, I am hesitant to consider Meachem a potential breakout player in fantasy land. He’s already been in the league for five years and played in a pass-laden offense led by a stud quarterback in Brees. Despite those advantages, he never emerged into a reliable fantasy option. Still, I consider him a risk-reward No. 3 wide receiver.

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