According to various news sources, the New York Jets acquired QB Brett Favre from the Green Bay Packers. Favre, 38, is an all-time NFL passing leader coming off one of the best seasons in his long career. It's believed that the Jets will send to Green Bay their 4th round draft pick that increases in value depending upon how the Jets perform during the 2008 season. According to the NFL Network, if Favre takes 50% of total snaps with the Jets in 2008, the fourth rounder becomes a 3rd round pick. If he gets 70% of the snaps and the Jets make the playoffs, it becomes a 2nd round pick; and if he gets 80% of snaps and the Jets make the Super Bowl, it becomes a 1st round pick.
By trading for Brett Favre, the Gang Green surely made a statement that they are a win now team. They are a team that only needs a real QB to make a run at the Super Bowl. Neither weak-armed QB Chad Pennington nor interception prone QB Kellen Clemens stepped up during training camp thus far, which obviously prompted the Jets management to make this desperate step. It's also now pretty obvious that Pennington's career in New York is pretty much over, as the Jets are not going to keep two high priced quarterbacks on their roster.
Welcome to New York, Brett!
P.S. ProFootballTalk.com reports that Pennington is expected to be cut in order to create salary cap space for the arrival of Brett Favre. Pennginton’s release would instantly free up $6M in 2008 cap room. Favre’s 2008 base salary is $12M, and the Jets would be required to assume that entire figure as soon as Favre joins the team — absent a restructuring of his contract.