Colts, Jets swap first round picks in 2018 National Football League draft

NFL Draft 2018 Jets acquire No. 3 overall pick from Colts

NFL Draft 2018 Jets acquire No. 3 overall pick from Colts

37 and 49) along with their 2019 second round pick to the Colts.

The Colts made the announcement on Twitter earlier this morning. If the Jets stay put at No. 6, they'd be taking a huge gamble.

Now, the New York Jets have entered themselves into the discussion. Getting a quarterback to build around was a priority entering this off-season - familiar territory for a franchise that mostly has struggled to find sustained success under centre since the days of Joe Namath. Buffalo is expected to package draft picks to also move up for a quarterback as well.

The Colts have Andrew Luck, so they felt good about trading a pick to a quarterback-needy team. Many draft observers and National Football League insiders expect the Giants to take a player other than a quarterback, maybe offensive lineman Quenton Nelson or defensive end Bradley Chubb, but can they really pass up the chance to draft Eli Manning's successor? Project quarterbacks Christian Hackenberg and Bryce Petty are likely on their way out in the next couple of weeks. The size of that guarantee suggests he'll be their starter for two years, but does the money preclude them from drafting a quarterback with the fifth pick?

The Jets had an extra second-round pick from the Sheldon Richardson-Jermaine Kearse deal with the Seahawks last summer.

The Colts have nine picks overall and appear to be in a rebuilding phase after going 4-12 and missing the playoffs for the third straight year.

They have already signed free agent Case Keenum to a two-year, $36 million contract with $25 million in guaranteed cash, and they are also prepared to possibly take a player at the same position with their top five pick in the draft if that player is both the correct fit and a top ranked player on their board.

By making the move, the Colts save almost $8.5 million under the salary cap and now have roughly $75 million to spend in free agency. Tennessee released defensive lineman Sylvester Williams after one season into a three-year deal signed a year ago. That is, if the Colts don't do some more wheeling and dealing before the April 26-28 draft with their plethora of picks.

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