According to Adam Schefter, the Broncos have dealt WR Jabar Gaffney to Washington in return for DE Jeremy Jarmon. Jarmon was a third-round pick out of Kentucky by the Redskins in the 2009 supplemental draft and has played in 16 games over the past two seasons (starting one).
The 30-year-old Gaffney spent two years with the Broncos, during which he caught 119 passes for 1,607 yards and four touchdowns. He was due to make $2.4M in salary this season, while his cap number for the year was $2.75M. Jarmon is scheduled to make $480K in 2011 and $565K in 2012, after which he will be a free agent.
Meanwhile, Mike Lombardi says the Broncos would have cut Gaffney had they been unable to trade him. Gaffney's departure should mean more playing time for second-year receiver Eric Decker and increases the likelihood that either Matthew Willis or Britt Davis will stick around.
Of new acquisition Jarmon, John Elway says,
Jeremy is an athletic defensive lineman with great versatility. We are looking forward to having him as (a) Bronco.
Jarmon can be found on Twitter here: @DoubleJJ90