Jets Trade Up, Select Sanchez at No. 5

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QB Mark Sanchez

4:46 p.m. ET:Here's the compensation. To get to No. 5 and get Sanchez, the Jets dealt DE Kenyon Coleman, S Abe Elam and QB Brett Ratliff to the Brownies in addition to both their first (No. 17 overall) and second (No. 52) selections in this year's draft.

4:42 p.m.:What a moment! I have to write some other stuff now. Be back to you soon. 

4:39 p.m.:Sanchez is putting the jacket on. Looks like Mark Sanchez is coming to Gotham! Crowd going nuts at Radio City! He's just put the Jets hat on.

4:35 p.m.:Just want to say I love Curry. What an outstanding kid and a wonderful football player. Great pick for the 'Hawks. Don't you smell a trade here? Eric Mangini loves defense, so is Boston College DT B.J. Raji the play? There are also a bunch of talented offensive tackles on the board. But is Cleveland listening to a couple of offers?

4:28 p.m.:We've reached a pivotal moment here. Do the 'Hawks grab Sanchez? I say it's 50/50 (with Wake LB Aaron Curry getting that other 50). If Sanchez falls to No. 5, this is going to get really fascinating.

4:15 p.m.: Chalk, baby. The Rams take Baylor T Jason Smith. Interesting one up next with the Chiefs. We know they won't take Sanchez. Is it Tyson Jackson time?

4:08 p.m.:The commissioner formally announces the Detroit Lions' selection of Georgia QB Matt Stafford. That was a shocker! The Rams are on the clock.

4 p.m.:Good afternoon. The draft is finally upon us and I can't wait to get this darn event started already. Let's just review the latest speculation on the Jets, who own the No. 17 overall selection, before the Detroit Lions officially announce the pick of Georgia QB Matt Stanford.

Multiple media outlets have reported that the St. Louis Rams are taking calls for the No. 2 overall selection. The thinking is the Rams want to take an offensive tackle — either Baylor's Jason Smith or Virginia's Eugene Monroe — but perhaps they could get blown away by a trade offer. If the Jets are as high on USC QB Mark Sanchez as many people think they are, they might be in talks right now.

In that third slot is the Kansas City Chiefs and you have to think they're going to the defensive side of the ball (LSU DE Tyson Jackson or Boston College DT B.J. Raji) or trading down to stockpile picks. KC got its quarterback with the acquisition of former Patriots backup Matt Cassel.

If Sanchez slips to No. 4, then things are going to really heat up. With Matt Hasselbeck on the roster, do the Seahawks really want the former Trojans signalcaller? Or did we all just watch a lot of smoke blow our way from the Pacific Northwest?

Then Eric Mangini comes back into the picture at No. 5 ...

I'll be with you all day, providing you my thoughts on the spectacle as it happens. I encourage your comments and questions.

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