Chad Pennington was officially released by the Jets today and announced it just now.

New York Jets Release QB Chad Pennington

August 7, 2008 — The New York Jets have released QB Chad Pennington. The announcement was made by Jets General Manager Mike Tannenbaum.

“I appreciate everything Chad Pennington has given to the Jets organization,” Jets Chairman and CEO Woody Johnson said.  “He was a part of my first draft as an owner in 2000 and has exemplified nothing but class both on and off the field. I wish him, Robin, Luke and Cole my very best.”

“I have all the respect in the world for Chad as a person and a player,” said Tannenbaum. “We have accomplished a lot of great things with Chad, including winning playoff games, which is very hard to do. He gave his heart and soul to this organization for a long, long time. I really appreciate everything he has done.”

Pennington (6-3, 225/Marshall/Knoxville, TN), the 18^th-overall selection in the 2000 NFL Draft, finished his eight-year Jets career 32-29 as a starter. He ranks number one all-time in NFL history for completion percentage (65.6 percent, 1,259-1,919). In Jets history, Pennington is first in all-time completion percentage and passer rating (88.9), and fourth in Jets history in career passing yards (13,738), touchdowns (82), attempts and completions. He led the Jets to the postseason three times, 2002, 2004 and 2006, winning two playoff games.