Packers Announce Favre Traded to Jets

The Green Bay Packers have announced that they've traded quarterback Brett Favre to the New York Jets.

The Packers did not reveal the terms of the trade.

The Packers released a written statement, attributed jointly to team president Mark Murphy and General Manager Ted Thompson, that says:

"Brett has had a long and storied career in Green Bay, and the Packers owe him a tremendous debt of gratitude for everything he accomplished on the field and for the impact he made in the state. It is with some sadness that we make this announcement, but also with the desire for certainty that will allow us to move the team and organization forward in the most positive way possible.

"We respect Brett's decision that he could no longer remain here as a Packer. But there were certain things we were not willing to do because they were not in the best interest of the team. We were not going to release him nor trade him to a team within the division. When Brett ultimately decided that he still wanted to play football, but not in Green Bay, we told him that we would work to find the best solution for all parties involved. We wish Brett and his family well.

"We appreciate the tremendous passion shown by our fans. We, like them, always will see Brett Favre as a Green Bay Packer and our respect for him never will change. Moving forward, we are dedicated to delivering a successful 2008 season for all Packers fans."

UPDATE (1:10 a.m.)... The Jets are giving the Packers, according to a source, a fourth-round draft pick that can increase in value based on the performance of Favre and the Jets this season, potentially to as much as a first-round choice.

The Jets have released a written statement by owner Woody Johnson that says:

"I am looking forward to seeing Brett Favre in a New York Jets uniform. He represents a significant addition to this franchise, and reflects our commitment to putting the best possible product on the field. Mike Tannenbaum and his football administration staff did a great job of navigating this complex process. I am excited about welcoming Brett, Deanna and their family to the Jets organization."

UPDATE II (1:45 a.m.)... The Jets plan to trade or release Chad Pennington on Thursday. Pennington and Kellen Clemens had been competing for the club's starting quarterback job. The younger Clemens stays to back up Favre.

The Jets play their preseason opener Thursday night in Cleveland. It's not clear yet whether Favre will attend the game or, if he doesn't, when he will report to the Jets.

By Mark Maske |  August 7, 2008; 12:36 AM ET  | Category:  Jets , Packers
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