Supposedly there are some ligament issues, but no one has confirmed if it is MCL or ACL. The second opinion I keep hearing about is probably less about if he needs surgery and more about when he will have it and who will perform it. (Players often like to have a home town doctor do the work.) This is such a tough break for a talented and reportedly good kid. You would have to assume he redshirts and rehabs the leg for the next 12 months.
Since the news broke, I've been coming around to what it means for the team. It is certainly a loss, but not a crushing blow. He is a talent -- no doubt -- but even our inexperienced and depleted WR group is still more talented than many of the groups we had in the TOB days. Plus we have a good group of Tight Ends. Injuries happen, but we should be okay.