Yeah I do think every 3rd rounder is an elite player. There are what 115 teams or something Div 1. Going to 32 NFL teams not mention the Div 2 kids. Spivey was taking in the third round and so was EDDS if I remember correctly.
Patrick Turner, WR, USC: 138 receptions, 1752 yards, 17 TD's
-Those were his 4-year totals. By comparison, Mike Williams had 176 reception, 2579 yards, and 30 TD's in just 2 years at USC. You're telling me Turner was an elite player? Or even close?
How about Joey Thomas? Unless you're a Packer fan, I wouldn't surprised if you'd never heard of him.
Vernand Morency? Lorenzo Booker? This list goes on.
Not every 3rd round pick was an elite college player. If that were true, the term "reach" wouldn't even be used in reference to draft picks.