I'd say his value is extremely low at this point. He hasn't really had a very good year from a fantasy standpoint. The Jets have been running Curtis Martin effectively, and Pennington just isn't throwing deep at all. Their offense is ball-control oriented with many looks to FB's, TE's, and short route WR's. Once they get close, they are pounding it in with Martin.
There are at least 10 other QB's doing slightly or extremely better than he is. Now that he is hurt and won't be back, I don't think many fantasy teams will want him in a trade.
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