The Jets have traded QB Teddy Bridgewater to the Saints for a third-round draft pick, SNY's Ralph Vacchiano confirmed.
The Jets will also send the Saints a sixth-round pick, according to Adam Schefter of ESPN.
"In his time with us, Teddy was a consummate professional, a great teammate and a tremendous leader," Jets GM Mike Maccagnan said in an official statement. "He worked diligently with our medical staff and made tremendous strides along the way. We wish him nothing but success in the future."
At the time of the deal, Jets players -- including Bridgewater -- were on the team bus, according to Tom Pelissero of NFL.com. The bus then stopped, and Bridgewater was informed of the trade. He then got off and waved goodbye as the bus drove off.
The 25-year-old Bridgewater, who missed the entire 2016 season due to a serious knee injury and played in one game toward the end of the 2017 season, sparkled for the Jets in his first two preseason games, completing 17 of 23 passes for 212 yards with two touchdowns and one interception, while rushing twice for seven yards.
Regardless of how well Bridgewater performed, it has been expected that the Jets will tab rookie Sam Darnold as their starter. With Josh McCown on board as a backup, Bridgewater was a luxury the Jets didn't need.