Investing a third rounder in a one year rental of a QB (with a $5M cap hit) that you hope never plays is dumb.
Unless Brees has some injury issues that ain’t making waves yet, this doesn’t make much sense for the Saints. And Teddy has even less of a chance of playing real snaps this season to showcase himself for FA next offseason and is pretty locked to not hit the incentives in his deal, so this isn’t really a win for him either outside of it being cheaper to play/live in LA than NJ.
This was a great move for the Jets though. They basically bought a third round pick for $1M, few strings.