Brett Farve reportedly traded to the New York Jets

The month-long saga has finally come to an end, with the Packers agreeing to trade their future Hall-of-Fame quarterback to the New York Jets...this according to Foxsports.com.
The exact compensation was not immediately known, but it is believed to be a single draft pick that increases in value depending upon how the Jets perform during the 2008 season.
As a result of this, the Jets will likely release a quarterback. Signs have been pointing to Chad Pennington as the likely culprit because the team will need to free up cap room to fit Favre's contract under the salary cap.
The Jets were much more aggressive than the Bucs in their pursuit of Favre all along. The bigger issue was getting Favre on the same page as the Packers front office as far as the Jets were concerned.
Finally, late Tuesday, Favre talked to Jets head coach Eric Mangini and others in the organization for the first time as they tried to convince Favre he would be a good fit in New York.