The projections likely will not predict a sleeper who surprises everyone but they will give you a good idea of which players are being undervalued, perhaps due to public perception about them.
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franmil reyes
My rankings are composed of advanced statistics, xStats, sleepers, busts and lots of projection knowledge. This results in a nicely ordered list of preferred players each year.
I've been using a system over the past ten years here that gives you a decent chance of hitting bullseye with some of the darts you'll throw in the later rounds of your drafts.