Jets are trading QB Teddy Bridgewater to the New Orleans Saints, source tells ESPN.— Adam Schefter (@AdamSchefter) August 29, 2018
The Jets will receive a third round pick in return per Mike Silver.
Gave up a 3. Love the move by the Saints. https://t.co/wO1tPiL9zl— Michael Silver (@MikeSilver) August 29, 2018
The Jets are sending a sixth round pick with Bridgewater as part of the deal according to Adam Schefter.
Compensation update on Jets-Saints trade: New York is sending QB Teddy Bridgewater and a sixth-round pick to New Orleans for a third-round pick, per sources.— Adam Schefter (@AdamSchefter) August 29, 2018
The Jets are without a second round pick in this year’s NFL Draft due to the trade up for Sam Darnold. This doesn’t quite replace the value, but it does help the team improve its Draft capital quite a bit.
Over the Cap has the Jets retaining $500,000 in dead money against the cap after this trade. So if you follow the series of events from signing to now, Mike Maccagnan essentially bought a third round pick for a half million bucks. That’s pretty shrewd stuff.
This brings an end to Bridgewater’s short tenure with the Jets. The quarterback signed as a free agent this offseason on a one year contract. The quarterback situation at the time for the Jets was unclear. They were days away from trading up to acquire the third overall pick and over a month away from knowing Sam Darnold would be the quarterback they would get.
Bridgewater played well in preseason, completing 28 of 38 passing attempts for 316 yards, 2 touchdowns, and 1 interception. Despite Teddy’s preseason success, the Jets have been inclined to look to the future. The team has all but settled on Darnold as the Week 1 starter, which made Teddy expendable. This turn of events left him with minimal short-term value to the Jets and no long-term value. Acquiring a day two pick for him was a no-brainer.
He will now back up Drew Brees on a team with high aspirations.