The Brett Favre era in Green Bay officially came to an end late Wednesday night as the legendary longtime Packers quarterback was traded to the New York Jets, the Packers announced.

The exact compensation wasn't immediately available, but it is believed to be a fourth-round draft pick that increases in value depending on how the Jets perform in the 2008 season.

According to the NFL Network, if Favre takes 50 percent of total snaps with the Jets in 2008, the fourth-rounder becomes a third-round pick. If he gets 70 percent of the snaps and the Jets make the playoffs, it becomes a second-round pick; and if he gets 80 percent of snaps and the Jets make the Super Bowl, it becomes a first-round pick.

The Packers had been talking with the Jets and Tampa Bay Buccaneers since deciding earlier this week that the team and the

three-time MVP couldn't coexist. The Packers decided to move

forward with Aaron Rodgers as their starter after Favre announced

his retirement in March.

"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," Green Bay officials said in a statement.