I love your core starters and where you got them.
Luck is over-rated as a QB, but under-rated in fantasy. His sky high pass attempts aren't going to change, and if he finally matures as a QB he has a shot at being an elite level fantasy production QB on par with Rodgers and Brees.
Julio Jones is a huge steal at #22 if his foot stays healthy, though some worry it may not.
Bernard is not a value pick this year but I understand the hype given that he put his talent on display for the common fan last season and now plays in a Huge Action offense. Actually, you got him a later than his current ADP so props for that.
I'm stunned you got Patterson that late, he's been hyped to the moon as this year's Josh Gordon candidate.
I think Ellington is just slightly over-rated this year but you got him at a pretty good spot.
Really surprised that you got Rudolph that late.
Looks like you got a bit of luck on your side too, getting the #3 pick. By choosing McCoy, you didn't miss the layup.
I like Sankey and West on the bench. Hearing great things about West and Sankey is a very similar prospect to Bernard.
I would give this draft an A-, maybe a solid A. Really good value on most of your starters. I do have a few nitpicks though:
I'm not wild about the Broncos pick but most teams are going to be looking at waiver wire for defense by week three anyway. Ditto Vinatieri. Once the top kickers are gone it's basically dumb luck, not a big deal.
I strongly dislike your WR bench. Hopkins is talented, but who's throwing to him? Fitzpatrick. Hunter is not a good bet to stay healthy, and has Jake Locker throwing to him.
Cooks was good in college but is over-rated for the NFL, is a rookie, and will probably start the year as the Saints #3 WR behind Colston and Stills. I think rookie Kenny Stills is a pretty good comparison for 2014 Cooks (641 yards, 5 TD). Good for a rookie, but bad for fantasy. The only thing that has me second guessing is how his speed might translate to production quickly on turf, similar to TY Hilton. But even Hilton is kind of a "meh" fantasy WR. Did I mention Cooks is a rookie?
Wheaton was a good college WR, but hasn't really shown anything special in the pros yet. He had 64 yards receiving last year on a passing offense that featured a 1500 yard WR and pretty much nothing else. Last year at least, Big Ben was locked into Brown and didn't seem to be looking for anyone else. I don't think Wheaton sucks, but to me he's the classic case of a player you leave on waivers until you see signs first. WRs usually take 3-4 years to reach production and Wheaton certainly does not appear to be an exception.
Matthews is also a rookie who I don't think is all that good. He's on an balanced offense that runs a lot and spreads the football, and though the Eagles lack a true #1 they have a bunch of quality #2 WRs similar to Seattle. I think Matthews will probably finish with fantasy stats on par with Paul Richardson, maybe even a little less. I wouldn't consider either one to be worth a fantasy roster spot at this point.
Your starters are good enough to win your league, especially if you work the waivers like every good player does for defense and kicker during the season. Your RB group is pretty strong, there is a chance you could end up with five good RBs.
The one weakness of your team is the signicant downside you have at WR. Julio I love, but if his foot problem returns he could be in for another quick IR. Patterson I think is a steal, but he's also boom or bust. You bench is made up of 1st and 2nd year players who are very unlikely to produce, IMO. To your credit, you are in a flex league which means you could survive with just two viable WRs instead of three, but I think you would be a bit on the lucky side to pull two our of those seven since Julio and Patterson both carry big risk.
If your RB group booms while your WRs bust, you could probably trade a RB for a WR very easily in a flex league where most teams only need two starting WRs. I just think that by the end of the year, you are probably going to need help at WR unless you avoid misfortune with Julio and Patterson.