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LT just isn't nearly as important now for many reasons. Mostly because pass rushes are far more exotic. Stud LT vs stud pass rusher all game just doesn't happen anymore. To lesser but still important degrees, QBs release times are way down and they are also more mobile in general across the board than in the past. RT is pretty much just as important as LT now, and interior oline has never been more important.
Although the analysis of LTs have changed due to the proliferation of quick passes/bubble screens and the spread offenses, I strongly disagree with your conclusions here.
First off, teams have been moving around their dominant pass rushers at least since the 1980s. The Giants rushed Lawrence Taylor from the left, right and middle on occasion. Buffalo did the same thing with Bruce Smith, the Eagles did the same with Reggie White, and Dallas did the same with Charles Haley. But even with that, teams still drafted LTs highly then.
That hasn't changed.
Last year, three tackles were taken in the first round.
In 2014, five (5) were taken in the first round, including 3 in the top 11. All three of them (Robinson, Matthews and Lewan initially projected to LT in the NFL).
In 2013, three tackles were taken in the top 5, and all three were initially thought to be able to play LT in the pros. The difference is that Johnson went to a team in the Eagles that already had an established and good LT in Jason Peters.
In 2012, Minnesota took LT Kalil 4th overall. It was a light year overall for LT, because only two Ts were taken in the first that year (Reilly Reiff was the other).
But in 2011, there were six (6) tackles taken in the first round, 3 of whom were definite LTs (Tyron Smith, Nate Solder, Anthony Castonzo). Smith was taken 9th overall, and Solder 17th.
http://www.drafthistory.com/index.php/positions/t
These spread offenses and bubble screens make drafting a LT high a trickier proposition, but it doesn't make the position any less valuable, because teams are still drafting them highly.