Rob Gronkowski is out of surgery. The infection is gone and he had a new plate installed.

The Patriots tight end will have a fourth procedure performed on his left forearm tomorrow at 2 p.m. at Massachusetts General Hospital, according to a source with knowledge of the situation.

To give you an idea of how far Gronk's value has fallen, there is a dynasty league being drafted at DynastySportsEmpire.com right now and after 4 rounds (56 picks) Gronk is still available...
Analyst: Brad Costilo  View Profile

According to Mike Garafolo of USA Today Sports, Patriots tight end Rob Gronkowski is having back problems and may need to undergo surgery. The person, who spoke on condition of anonymity because of the Patriots’ policy of not publicly detailing injuries, said the issue is with a different disc than the one that needed to be shaved down in via surgery 2009 and that a final decision on whether surgery will be required has not yet been made. The person said Gronkowski will see noted spine specialist Robert Watkins in the near future, after next week’s surgery to install a new plate into his forearm.   The person said the hope is, if surgery on his back is required, Gronkowski will be back within the same time frame as his recovery from the arm injury, which he initially suffered in November but has been prolonged because of an infection in the limb.

At this point you can actually hear Gronkowski's draft stock falling. I can't even tell you at what point in you draft you should start considering the monster TE, because nobody really knows what his health/time-table will be like heading into the season. Definitely a story to keep an eye on.
Analyst: Brad Costilo  View Profile

Owners that draft Gronkowski this season should be prepared to handcuff the early investment with a solid backup later in the draft. Martellus Bennett, Brandon Myers, and Jordan Cameron are a few names to keep in mind.
Analyst: Adam Burnett  View Profile

Per league source, Patriots TE Rob Gronkowski will indeed have surgery next week. The exact date has not yet been set.

Gronk is making it very difficult to spend an early pick on him. The repeated surgeries and depth at TE are two reasons not to draft a tight end in the early rounds, but the upside of Gronkowski that we saw in 2011 is tantalizing. In my opinion, Jimmy Graham is the TE to target early, as there is something to be said for safety. That being said, unless Graham falls into the 30's overall or Gronk into the 40's, I'll be one of the last owners to draft a TE and swing for the fences on a guy like Brandon Myers, Jermichael Finley, or Brandon Pettigrew.
Analyst: Kyle Soppe  View Profile

The longer Gronk waits for surgery, the less willing I become to invest heavily in him. In fact, I'll be looking towards guys like Tony Gonzalez and Jimmy Graham in the first half of the draft, or guys like Jermichael Finley and Vernon Davis in the latter half. Let someone else risk their draft day on Gronk.
Analyst: Brad Costilo  View Profile

As reported Sunday, Rob Gronkowski continues to be in a holding pattern, as doctors hope the tight end’s recently completed six-week course of antibiotic treatment finally stomps out a lingering infection in his left forearm. According to a source familiar with the case, Gronkowski is going to need a fourth operation to change the plate that’s securing the broken bone in the forearm.

I have been resisting all offseason, but it is finally time to move Gronk out of the top three in my tight end rankings. He is behing Jimmy Graham, Tony Gonzalez and Jason Witten. His upside and the depth at the position keep he and teammate Aaron Hernandez in my top five, but I do not expect either guy to stay healthy. Tom Brady is moving down slightly in my rankings as well, as I have no idea who he is going to have available to throw to.
Analyst: Steve Pimental  View Profile

The real impact of this story isn't on Gronk's value, but on Hernandez's. We all knew that Gronk was going to have too many health questions heading into this season to make him worthy of a first round pick... But we didn't know if Hernandez was going to in a situation where he would likely be the primary TE on opening day.
Analyst: Brad Costilo  View Profile

New England Patriots tight end Rob Gronkowski has yet to make a decision about a potential fourth surgery on his fractured left forearm. NFL.com's Ian Rapoport reported last month that Gronkowski's camp was keeping their options open as doctors waited to see whether a "stubborn" infection in his forearm would clear up on its own. That hasn't stopped Gronk from participating in New England's offseason program, where he "looks great," a source told ESPNBoston's Mike Reiss. A fourth surgery would potentially threaten Gronkowski's availability for the start of the season, a worst-case-scenario for New England's offense.

Gronk is a polarizing figure for fantasy owners. The production is questioned (38 career receiving TD), unfortunately durability has become an increasing problem. Owners should track his availability this summer long and hard before spending an early round pick on Gronk. Owners that do take the plunge should make sure to secure a solid backup just in case.
Analyst: Adam Burnett  View Profile

My colleague Adam Burnett said it perfectly, if you're willing to accept the injury risk and take Gronk you need a solid backup. As for me, I love Gronks production when he's on the field, but I don't think I'll be willing to invest an early pick in getting him knowing that I'll need to invest a mid-round pick to get a backup for the oft-injured star. I'll hold off on taking a TE until the middle rounds, as there is a good amount of depth at the position.
Analyst: Brad Costilo  View Profile

Rob Gronkowski won't be having surgery to check on the status of his infection, and ultimately install a new plate in his left forearm just yet. According to one source familiar with the proceedings, the decision for now is to have the Patriots tight end delay the surgery for several more weeks to be sure the infection has completely cleared out, and continue with the course of antibiotics. ''Gonna hold off for a few weeks to make sure infection gone before going back in,'' a source close to the situation said.

This could be a blessing or a curse. The blessing is that if he doesnt need surgery, he should be all healed and good to go by the regular season. However, if he needs an additional procedure, with the delay this could impact his potential return before training camp or even the regular season. We will keep an eye out for anymore updates on the Patriots star tight end.
Analyst: Andrew Vigliotti  View Profile

I was really looking forward to the summer of Gronk 2.0. I guess we can dream. Gronkowski is clearly the best tightend in the game when healthy, so this situation demands close monitoring. Dynasty league and keeper managers everywhere wait with baited breath.
Analyst: NathanKnowsSports  View Profile

Rob Gronkowski has to have the plate in his previously broken left forearm removed to ensure the infection he sustained after a January surgery has been eradicated, the Boston Herald reported Sunday. Gronkowski is nearing the end of a six-week cycle of antibiotic treatments at Massachusetts General Hospital, but doctors aren't certain that the infection has been eliminated.

The injury concerns are enough for me to think about avoiding the games most complete tight end. While I don't doubt he can produce, the injury risk combined with the draft pick (2nd round) you'll have to use on him make him a high risk player. Remember, rarely do you win leagues in the first few rounds, but you can lose them. Target safety early, as there are plenty of capable TE's.
Analyst: Kyle Soppe  View Profile

Rob Gronkowski may not be ready for the beginning of the season due to an infection around where a second metal plate was installed to repair his broken left forearm.

The New England Patriots tight end Rob Gronkowski confirmed Wednesday that he underwent a third surgery on the forearm to clear up an infection. "I'm doing a lot better, definitely," Gronkowski told ESPN Radio. "Feeling a lot better. My arm is feeling way better than it was during the playoffs and regular season when I broke it. 

For the Patriots to be successful in 2013 they need Gronkowski to be completely healthy. Gronkowski had 55 receptions 790 yards and 11 touchdowns in 11 games in 2012. The tight end will put up even better numbers in 2013 and should be drafted in the first three rounds in any draft.
Analyst: Shane Miller  View Profile