Citing an 18 million dollar cap number for the 2014 season and a 21.5 million the year after that, NBC Sports reports that Larry Fitzgerald is willing to restructure his deal to lessen his cap burden on the team. Typically a restructured deal helps the team by freeing money to spend on talent surrounding the high priced player. It's important to note, Fitzgerald didn't say he would take a pay cut. In restructuring, Fitz would take more of his salary in guaranteed upfront money.
With Carson Palmer throwing the ball in Arizona, the receiving corps did significantly better in 2013 than in 2012. Not much of a surprise there. But if you are a Michael Floyd or a Larry Fitzgerald owner, do you want them to keep the band together? It's hard to imagine Fitz in another uniform, but he will be 31 and he is expensive. Floyd, on the other hand will be entering the fabled third year as an NFL receiver and still plays under his very reasonable rookie contract. But getting rid of Fitzgerald would open up a need on offense at the one offensive position that is now solid.
Michael Floyd In 2013 Michael Floyd nearly doubled his numbers from his rookie campaign, paying off fantasy owners who took a chance on the Notre Dame product. Outside of Alshon Jeffery, Floyd might be the best dynasty receiver out of the 2012 class (Justin Blackmon obviously has the talent, but he'll need to stay out of trouble to join this list). While Fitzgerald took most of the targets last season, particularly in the red zone, I think his presence still benefits Floyd. If the running game were more effective or if the Cardinals had a solid pass-catching tight end, you could envision a world where Floyd saw one on one matchups. But until the Cardinals address those issues, Floyd needs Fitz to take the pressure off. Frankly, you should be very happy if he is on your dynasty roster. Floyd's ADP last year hovered around WR 42. Not a bad payoff, huh? Expect him to jump way up next year in redraft leagues with or without Fitzgerald.
Larry Fitzgerald Given the terrible 2012 Cardinals offense, owners typically drafted Fitzgerald at a discount, and if you got him at the right price, you were rewarded. Michael Floyd edged out Fitzgerald in yards last year, but Fitz had a lot more targets, receptions and TD's.
Floyd and Fitzgerald have a symbiotic relationship and have the ability to have good seasons simultaneously. They play against the toughest defenses in the league twice a year, and if one leaves the other will be blanketed all season. However, if they play together another couple of years, expect the targets and yardage to increase for Floyd, making him a premier NFL pass catcher.
Larry Fitzgerald still brings in the points, and in redraft leagues he's still a mid-low WR 2, but in dynasty leagues you may find better long term value than the 30 year old Fitz, even if he leaves for another team.