The Jets sent their fourth-round pick (No. 106 overall) in the 2013 NFL Draft to the New Orleans Saints in exchange for running back Chris Ivory. The Saints then traded both of their fourth-round picks for the Dolphins' 82nd overall pick, which they used to take Georgia defensive tackle John Jenkins.
The trade had been in the works for more than a week. NFL.com's Ian Rapoport said on NFL Network that he "would not be surprised" if the Jets and Ivory struck a deal on a long-term contract.
UPDATE: The Jets wasted little time locking Ivory up. NFL.com's Ian Rapoport reported Saturday the team reached agreement in principle on a three-year deal for the running back. Precise terms aren't known, but Rapoport is told it's starter money.