[DC 86]

Moreover, even before the injury, Luck was hardly an “elite” qb.  Even at his peak, he was considered among the second-tier qb’s.

BC

Every year since 2014 ESPN has published its "Quarterback Tiers" project, based on anonymous polling of dozens of NFL coaches and front office executives:

2014: Luck placed in Tier 1, #5 overall quarterback in the NFL.

http://www.espn.com/nfl/insider/story/_/...acks-tiers

2015: Luck placed in Tier 1, #3 overall quarterback in the NFL.

http://www.espn.com/nfl/insider/story/_/...-tiers-nfl

2016: Luck placed in Tier 2, #7 overall quarterback in the NFL.

http://www.espn.com/nfl/insider/story/_/...hlisberger

2017: Luck placed at the top of Tier 2, #6 overall quarterback in the NFL.

http://www.espn.com/nfl/insider/story/_/...on-rodgers

He was also voted into the Pro Bowl three times before injuries began to cut short his seasons.

I don't think Indianapolis would sell low on Luck given how difficult it is to find an elite quarterback; wiser to hope that he somehow regains his previous form. The question of his trade value right now is basically moot anyway since he would be unable to pass another team's physical. However, if he was healthy (or better said, when he was healthy) he was definitely highly regarded within the league based on his ability, age and personal qualities, never ranking below #7 in the ESPN polling despite the onset of his shoulder issues and other injuries.

[DC 86]

Moreover, even before the injury, Luck was hardly an “elite” qb.  Even at his peak, he was considered among the second-tier qb’s.

BC

Every year since 2014 ESPN has published its "Quarterback Tiers" project, based on anonymous polling of dozens of NFL coaches and front office executives:

2014: Luck placed in Tier 1, #5 overall quarterback in the NFL.

http://www.espn.com/nfl/insider/story/_/...acks-tiers

2015: Luck placed in Tier 1, #3 overall quarterback in the NFL.

http://www.espn.com/nfl/insider/story/_/...-tiers-nfl

2016: Luck placed in Tier 2, #7 overall quarterback in the NFL.

http://www.espn.com/nfl/insider/story/_/...hlisberger

2017: Luck placed at the top of Tier 2, #6 overall quarterback in the NFL.

http://www.espn.com/nfl/insider/story/_/...on-rodgers

He was also voted into the Pro Bowl three times before injuries began to cut short his seasons.

I don't think Indianapolis would sell low on Luck given how difficult it is to find an elite quarterback; wiser to hope that he somehow regains his previous form. The question of his trade value right now is basically moot anyway since he would be unable to pass another team's physical. However, if he was healthy (or better said, when he was healthy) he was definitely highly regarded within the league based on his ability, age and personal qualities, never ranking below #7 in the ESPN polling despite the onset of his shoulder issues and other injuries.