The Jets are moving up in the draft courtesy of the Colts.
The 5-9 running back scored 32 touchdowns during his 10-season NFL career.
Justin Pugh was taken in the first round by the Giants in 2013.
The Houston Texans announced Tyrann Mathieu's arrival on Friday. However, it was J.J. Watt who alluded to the move before the team.
LeGarrette Blount, 31, has joined the Detroit Lions after helping the Philadelphia Eagles win the Super Bowl last season.
Tyrann Mathieu was released by the Cardinals after he refused to take a pay cut.
The Lions needed a bruising running back and picked one up in LeGarrette Blount.
NFL veteran Michael Crabtree, 30, was not without a job for long, signing a three-year deal worth $21million with the Baltimore Ravens.
Hill rushed for 2,873 yards and 28 touchdowns in four years with the Bengals.