The particulars: The Jets get Clady and a seventh-round pick (235 overall) in the upcoming draft; the Broncos get the Jets' fifth-round pick (157 overall).
It's a win-win: The Jets solve their left-tackle crisis in the immediate aftermath of D'Brickashaw Ferguson's retirement and the Broncos clear $8 million in cap room and get a draft pick for a player they no longer needed.
What kind of player are the Jets getting? ESPN Broncos reporter Jeff Legwold shares his insights on Clady:
"At his best Clady was an elite athlete at the position, a player whose initial quickness off the ball won him the majority of the snaps he played. He was a quick fit in the team's scheme as soon as they selected him in the first round of the 2008 draft.
"At times early in his career he played with too narrow of a base, but he learned quickly and adjusted. His movements skills kept him from being out of position and at times, when knocked off his base, usually with a bull rush, he had the athleticism to recover and counter. Injuries had robbed him of some of that over the last six years -- two serious knee injuries, including a torn ACL in the first day of organized team activities in May of 2015, shoulder surgery and foot surgery -- as he spent two of the last three seasons on injured reserve.
"But the Broncos had believed, from they had seen in Clady's on-field work with the team's training staff throughout the 2015 season, he was poised for a full recovery. The team's issues of late were far more financial rather than football-related.
"Clady had a $10.1 million salary cap charge and after the Broncos signed two tackles in free agency (Donald Stephenson and Russell Okung), they wanted Clady to take a pay cut. Those talks didn't go anywhere so they started to seek trade partners.
"But he's a former team captain who is smart, adjusts well in game, and if healthy, will still be one of the better athletes at the position in the league. It's a matter of how his body has recovered from the injuries, especially of the last three years, when he sandwiched a Pro Bowl selection in 2014 between injured reserve in '13 (Lisfranc) and '15 (torn ACL)."