Davante Adams is indeed set to be traded, and he is headed to his preferred destination. The Jets are finalizing a deal to acquire Adams from the Raiders, Ian Rapoport of NFL Network reports. 
The swap will see Vegas receive a conditional 2025 third-round pick from New York, Rapoport’s colleague Tom Pelissero adds. That pick can become a second-rounder based on Adams’ performance with his new team. Crucially. Pelissero also notes the Jets will take on the remainder of Adams’ 2024 salary. Depending on how he fares with his new team, then, the Raiders could wind up meeting their goal of landing a second-rounder in addition to not retaining any of his salary to facilitate a trade.
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Providing specifics on the conditional pick, ESPN’s Adam Schefter reports the selection will upgrade to a second-rounder if either of two circumstances are met. Adams must earn a first- or second-team All-Pro selection, or he must be on the Jets’ active roster for the AFC title game or Super Bowl. Those thresholds certainly make it likely the pick will wind up as a third-rounder, something SI’s Albert Breer recently speculated represented a cost the Raiders would ultimately be willing to accept.
Once it became known the Raiders were gauging the market on an Adams trade (something the 31-year-old preferred to staying put), the Jets emerged as the likeliest destination. After Adams openly remarked about the potential of reuniting with Aaron Rodgers – something the four-time MVP reciprocated – it came as no surprise to learn the Jets were his top target. Now, the two will in fact resume playing with each other after their successful eight-year run in Green Bay.
A number suitors were in the mix with respect to showing interest, but Vegas remained insistent on landing a second-round pick in any Adams deal. Many contenders saw that price as being too steep, and the Jets and Saints held an advantage in terms of providing Adams with a familiar quarterback (Rodgers or Derek Carr, in the case of New Orleans). Recently, those two teams appeared to be the strongest suitors with the Jets in particular acting aggressively to get a deal done. The team sits at 2-4 with a new head coach and offensive play-caller in place, but Adams could spark a midseason turnaround.
The Jets entered Tuesday with just over $17MM in cap space, a larger figure than many of the other teams interested in acquiring the three-time All-Pro. Since Vegas will not retain any salary, New York will be on the hook for $11.59MM this season (the prorated remainder of Adams’ 2024 salary). Two more years remain on his pact, but no guarantees are in place. Working out a new agreement will be key in this situation, and having Adams as more than a short-term rental would help justify the trade cost to add him. Adams has reportedly expressed concern about Rodgers’ post-2024 future with the Jets, however.
Nevertheless, an organization which just fired head coach Robert Saleh and demoted offensive coordinator Nathaniel Hackett is now making another aggressive move aimed at success this season. The 2024 Jets are the first team led by Rodgers to have a losing record through six weeks. A postseason berth remains the goal, though, and Adams could aid an offense which sits 22nd in scoring. Of course, this move also marks the latest the Jets have undertaken which involves bringing in familiar faces to Rodgers on the field and the sidelines while trying to maximize the remainder of his career.
Adams will now join Garrett Wilson and Allen Lazard at the receiver spot with New York. Speculation has increased in the wake of today’s deal that Mike Williams – signed to a one-year deal in free agency – could now be on the move to avoid a logjam at the top of the depth chart and move some money out to compensate for Adams’ arrival. In any case, expectations will increase for better efficiency through the air moving forward. 
For the 2-4 Raiders, this move brings an end to a situation between Adams and head coach Antonio Pierce which was marked by a recent increase in tension. As veteran insider Josina Anderson notes, Pierce feels this move is best for all involved. Vegas – a team which is now increasingly short on playmakers and turned to Aidan O’Connell at quarterback for Week 6 – will take on $13.67MM in dead money this year and $15.7MM in 2025 (h/t Spotrac).
With five 1,100-yard campaigns to his name (including both of his full Raiders seasons), Adams will be expected to provide a major boost to the Jets’ offense upon reuniting with Rodgers. If that proves to be the case, the team – which may soon offload edge rusher Haason Reddick and end his holdout in the process – could become a contender for at least an AFC postseason spot. Ending the Jets’ 13-year playoff drought would mark a key success for the team, and it would no doubt quell doubts about general manager Joe Douglas’ job security.
A hamstring injury has kept Adams out of action for the past three weeks, but multiple reports note he is currently at the Jets’ facility undergoing a physical. Once that takes place, this trade can be made official and bring a notable but expected end to the Adams situation. How it affects other receiver deals ahead of the deadline will be interesting to monitor.