It is the number of fantasy points that experts predict that player to achieve for that given week. For example, if a running back is going up against the league's best run defensive team, the projection for that week will be slightly lower that if he is going up against the league's worst run defense. Many factors contribute to the projections, such as the example mentioned above, if the backup running back may be injured, and (not limited to) past fantasy point numbers.
The projected stats will vary greatly from one source to the other. I have found the most accurate predictions to be Yahoo and ESPN, but nobody can accurately predict the stats.
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