Anyway, we can agree to disagree here. In general, I agree that draft capital is sunk costs & shouldn’t really matter. But in this specific case, it’s a player who was just drafted, so I see no reason to sell for less.
Loveland has a value based on how he has performed and the expectation on his development based on what he has done on the field. I agree that he hasn't "lost value" based on his performance but where he was drafted in a rookie draft has little to no impact on what that value is. I would say taking a TE in a rookie draft in the first round is reaching and virtually no TE is worth drafting in the first round of a rookie draft (TE premium excepted).
Now you can evaluate him today as being a 1st round value but that has nothing to do with where he was actually drafted.
I mean, that’s 100% true in theory but also you will generally never get a guy sending offers well below recent acquisition cost without anything bad happening. So the value you’re talking about doesn’t matter any more than the acquisition cost does; less if you actually want to acquire the player.
Nobody’s giving up a TE they just took in the 1st for a 2nd based on “it’s a reach to take a TE in the 1st,” true or not