The Maxwell Award is given to the best all-around player in college football.
"I feel a lot of pride for this award, to have tangible evidence for all of the work on the practice field," Luck said.
Stanford offensive guard David DeCastro was beat out for the Outland Trophy -- which goes to the nation's top interior lineman -- by Alabama offensive tackle Barrett Jones of Alabama. Penn State defensive tackle Devon Still was the third finalist.
In typical Luck fashion, he praised his coaches and teammates for his success.
"(Give credit) to a great scheme," Luck said. "The coaches put us in a great situation and it's trusting the offensive line, the running backs and the wide receivers to make plays. It all comes with practice time."