The Jets are signing quarterback Justin Fields, SNY NFL Insider Connor Hughes confirms.
The deal is for two years and $40 million, with $30 million guaranteed.
Hughes reported earlier on Monday that there was "a lot of hype building from other teams" that Fields would sign with the Jets.
With Fields on board, the Jets now have the quarterback they hope will successfully usher them out of the disappointing Aaron Rodgers era. Fields is now Gang Green's QB1, with Tyrod Taylor set to be the backup.
In New York, Fields will be reunited with former Ohio State teammate Garrett Wilson, who had grown frustrated with his role last season while Rodgers was at the helm.
Fields, 26, spent last season with the Steelers after playing the first three years of his career with the Bears.
Pittsburgh had significant interest in retaining Fields before he wound up in New York.