Favre Traded to Jets

The Green Bay Packers have reached an agreement to trade quarterback Brett Favre to the New York Jets, the team announced late Wednesday night. Terms of the trade weren't immediately available.

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The Packers had been talking with the Jets and Tampa Bay Buccaneers since deciding earlier this week that the team could no longer co-exist with one of the most beloved players in franchise history.

Oddsmakers at major sports books are split on this move for the Jets. Oddsmakers from online sports book SBG Global had the Jets as a 35/1 long shot to win the 2009 Super Bowl and still have New York’s odds set at 35/1. But Sportsbook.com had the Jets listed at 35/1 before the trade and has since made New York’s odds to win the NFL’s title game 10/1.

The acquisition of Favre likely signals the end of Chad Pennington’s career in New York. The team also has youngsters Kellen Clemens and Erik Ainge on the roster, so Favre essentially makes Pennington expendable. Look for the Jets to either release or try to trade the former Marshall quarterback at some point during the preseason.

``I am looking forward to seeing Brett Favre in a New York Jets uniform,'' Johnson said. ``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.''

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