NFL

The Green Bay Packers will trade three-time NFL MVP quarterback Brett Favre to the New York Jets.

Although the Packers did not disclose the terms, FOXSports.com reported that Green Bay dealt Favre for a conditional draft pick - which would be based on the Jets' performance in 2008.

"Brett has had a long and storied career in Green Bay, and the Packers owe him a tremendous debt of gratitude for everything he accomplished on the field and for the impact he made in the state," said a joint statement from Packers chief executive and president Mark Murphy and general manager Ted Thompson.

"It is with some sadness that we make this announcement, but also with the desire for certainty that will allow us to move the team and organisation forward in the most positive way possible."

The Jets are expected to release veteran quarterback Chad Pennington, which would allow the team to free up space to fit Favre's $12 million salary under the cap.

"I am looking forward to seeing Brett Favre in a New York Jets uniform," Jets Chairman and chief executive Woody Johnson said. "He represents a significant addition to this franchise, and reflects our commitment to putting the best possible product on the field.

"(General manager) 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 organisation."

Favre, who retired in a tearful press conference on March 4, is the NFL's all-time leader in touchdowns (442), completions (5,377), attempts (8,758), yards (61,555) and wins (160). He also has been a model of toughness, starting an NFL-record 275 consecutive games, including play-offs.