Updated: August 27, 2012, 1:58 PM ET
ESPN.com news services
The arrival of quarterback Tarvaris Jackson in Buffalo means Vince Young's exit from the Bills.
The Bills officially parted ways with Young on Monday, announcing his release in a one-sentence statement. Earlier in the day, Young said on his Twitter account that he wanted to thank the Bills for the opportunity.
AFC East blog
He wrote: "I want to thank the Bills organization for the opportunity and wish the organization and my teammates good luck this season."
Young's release set the stage for the completion of a trade with the Seattle Seahawks to acquire Jackson for an undisclosed draft choice, which the Bills announced Monday afternoon.
The Bills agreed to a restructured contract with Jackson on Monday, a source told The Associated Press, which was the last hurdle in completing his trade from Seattle.
Young signed a one-year, $2 million deal with the Bills in May, after spending last season with the Philadelphia Eagles.
He had the edge to win the No. 2 job until he struggled in a 38-7 loss to Pittsburgh on Saturday. Young threw two interceptions, the first coming on his first pass attempt, and finished 12-of-26 for 103 yards in playing the entire second half.
Jackson was scheduled to make $4 million this season, but that figure was restructured because the Bills deemed it to be too expensive for a backup player.
Jackson signed a two-year contract with the Seahawks last year, and was credited for playing a major role in the team's turnaround after a 2-6 start. He posted career numbers in completions (271) and attempts (450) to go with 3,091 yards passing with 14 touchdowns and 13 interceptions.
But Seattle went out and acquired free agent Matt Flynn this offseason, then selected Russell Wilson in the third round of April's draft.
Wilson was named the team's starting quarterback Sunday night by coach Pete Carroll.
The Bills, meanwhile, have Ryan Fitzpatrick entrenched as their No. 1 quarterback after signing him to a six-year, $59 million extension last season. Young and Tyler Thigpen have been vying for the backup job this preseason, and coach Chan Gailey has maintained that there's only room for one backup, because the No. 3 job is going to receiver/Wildcat specialist Brad Smith.
Jackson had an up-and-down five-year career with the Vikings. His most productive season came in 2007, when he started 12 games.
Information from ESPN.com AFC East blogger James Walker and The Associated Press was used in this report.
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