According to PFT, the Jets acquired Braylon Edwards without signing him to a new contract. Edwards is in the final season of his rookie contract. This means the Jets could potentially be loaning the WR for this season, because he will be a free agent after it’s over.
Obviously, this could cut both ways: If he continues to be awful this season, the Jets are out two picks and a couple players, but at least they haven’t wasted money on Edwards. But, if he returns to ‘07-Braylon, then he’s able to walk and sign with another team after this season.