When someone tells you they have good news and bad news, which do you prefer to hear first?I always prefer to get the bad news out of the way. That’s why, earlier this week, I provided my top five dynasty sells — including one for each type of dynasty team. That means it’s time to move onto the good news: my favorite dynasty sleepers.Each of the five players featured below has an ADP outside the top-100 overall in Superflex dynasty startups, and is someone I have ranked significantly higher.Note: The ADP cited throughout this piece is courtesy of the FantasyPoints Front Office, and all statistics are sourced from the FantasyPoints Data Suite unless otherwise stated.Josh Downs, IND (WR49)It’s hard to find a combination of floor, ceiling, youth and cost efficiency in dynasty. But Downs provides each of these elements.The fourth-year Colts receiver out of North Carolina was an under-drafted prospect with immense upside, posting 3.7 receiving yards per team pass attempt (YPTPA) as a 20-year-old true sophomore. To put that in context, that’s a higher peak-season YPTPA than any of the receivers selected in the 2026 NFL Draft. College production, especially early college production, is a major signal of upside in the professional ranks — even multiple years into a player’s career.Source: Campus2CantonDowns has yet to reach his true ceiling in the NFL thus far, due to a mix of poor quarterback play, inconsistent route participation and nagging injuries. However, he’s flashed high-end upside, especially in his second season when he posted 30% TPRR and 2.28 YPRR, fifth and 20th, respectively, among all receivers with at least 200 routes.Now Downs is being discounted in the market following a less productive third year as the Colts emphasized more heavy-personnel packages. This took Downs off the field in favor of veterans Alec Pierce and Michael Pittman — primarily for blocking reasons. Downs has always posted elite success rates on routes versus man coverage, per Matt Harmon’s reception perception, which indicates an ability to succeed on the outside as a receiver.Pittman has now been traded to Pittsburgh and replaced with Keenan Allen, who projects as a part-time player at his age (34). Head coach Shane Steichen has consistently expressed a desire to play Downs in two-receiver sets in 2026. I wrote earlier this offseason in my newsletter about the overlap in Downs and Pittman’s roles as a feature players in pure drop-back situations. This makes Downs the prime candidate to benefit more from Pittman’s departure than Pierce or Tyler Warren.At the very least, Downs is a quality Flex option who is quite affordable. At best, he’s a breakout WR2 or better who just turned 25 years old two weeks ago. This makes him a strong bet to exceed his cost this year and beyond for any team build.Tre’ Harris, LAC (WR68) If Josh Downs is a sleeper, Harris is in active hibernation. The latter posted one of the most ridiculously productive college seasons in recent memory at Ole Miss in 2024, earning 5.12 YPRR (per Pro Football Focus).Source: Campus2CantonWhile very productive, Harris’ college profile requires some important context. He was an older prospect, beginning his career at a lower-tier program (Louisiana Tech) before peaking with Ole Miss as a redshirt senior. He also racked up a lot of his production against weaker opponents, and in a fairly small sample of games before suffering a season-ending injury. Also, the Ole Miss offense is markedly different from what we see in the NFL, and players can struggle to translate production or skills from college air raid systems into the pros.