The New York Jets drafted Sanchez in the first round using the fifth overall selection in the 2009 NFL Draft, making him the first quarterback selected by the Jets in the first round since Chad Pennington went 18th overall in the 2000 NFL Draft. To select Sanchez, the Jets traded their first and second round selections and three players, Kenyon Coleman, Abram Elam and Brett Ratliff, to the Cleveland Browns. At the time, the selection was lauded as good value for the team and for Sanchez. Sanchez reached an agreement with the team on June 10, 2009, signing a five-year, $50 million contract, with $28 million guaranteed. It is the largest contract the Jets signed a player to in franchise history.