|Jackson reportedly is on his way to Buffalo. (US Presswire)|
UPDATED (5:00 p.m. ET): The Bills and Seahawks have announced the trade of Tarvaris Jackson to Buffalo. CBSSports.com's Jason La Canfora reports that Seattle will get a 7th-round pick for Jackson that moves to a 6th-rounder if Jackson is active for six games. Additionally, Jackson's reworked contract remains for one year but is now worth a maximum of $3 million with incentives, according to a league source.
“Tarvaris, all that we've ever seen from him is that he's a great competitor and a perfect guy to have on your team,” Seattle coach Pete Carroll said in a statement. “Because of our situation and the opportunity with the guys that we have, he deserves a chance to be playing. Buffalo came after him and I hope it's a good thing for him.
“He did a great job for us and provided everything you'd ever want to see out of a competitor on your team. We think the world of him.”
UPDATED (Aug. 27; 10:45 a.m. ET): According to NFL.com's Albert Breer, the Seahawks trade of quarterback Tarvaris Jackson to Buffalo is closer to being finalized.
Jackson, originally scheduled to make $4 million this season in Seattle, reportedly has reached a contract agreement with the Bills that would pay him a maximum of $3 million. His contract is still set to expire at the end of the 2012 season.
And what of Bills backup quarterback Vince Young? This tweet might give us an indication.
"I want to thank the Bills organization for the opportunity and wish the organization and my teammates good luck this season".
— Vince Young (@VinceYoung) August 27, 2012
UPDATED (12:33 p.m. ET): The Bills have announced officially that they've released Young.
Seahawks quarterback Tarvaris Jackson, who is officially out of the starter's race in Seattle, will be traded to the Bills, according to NFL.com's Ian Rapoport. CBSSports.com's Jason La Canfora reported last week that the Seahawks efforts to trade Jackson would intensify this week.
Considering Bills backup Vince Young has not impressed this offseason, this move might spell the end of his time in Buffalo. A 1-2 quarterback combo of Ryan Fitzpatrick and Jackson sounds much better than Fitzpatrick and Young.
Last season, as Seattle's starter, Jackson completed 60.2 percent of his passes for 3,091 yards, 14 touchdowns and 13 interceptions. While he's obviously not a superstar -- the fact the Seahawks brought in free agent Matt Flynn in the offseason and drafted Russell Wilson in the third round spelled the end of Jackson's reign in Seattle -- he's a decent-enough quarterback who could be a fill-in starter if necessary.
Rapoport reports the deal should be finalized soon, though terms are not yet available.
Wrote La Canfora last week, “Some have pointed to Jackson's salary being an issue, with him set to earn $4 million this season, but he would be would be willing to alter that some to facilitate a trade to a better situation, according to a source with knowledge of the situation. The Seahawks would not seek compensation beyond a fifth-round pick (possibly that moves to a fourth based on performance), and may have to settle for less.”