Tim Tebow traded from Broncos to Jets

UPDATE:

NEW YORK (AP) - The Broncos and the Jets have completed a trade
to send quarterback Tim Tebow to New York.
The deal hit a snag earlier Wednesday when the Jets apparently
balked at repaying Denver more than $5 million for a salary advance
due Tebow. ESPN reported that the two sides had agreed to split
that cost.
The Broncos also will receive fourth- and sixth-round draft
picks, while New York gets a seventh-rounder - all in 2012 - as
agreed to in the initial deal.
Denver started shopping Tebow after signing Peyton Manning, and
the Jets were considered a long shot as late as Tuesday night. But
New York went after Tebow, envisioning him as a versatile
complement to starter Mark Sanchez, who received a $40.5 million
contract extension, with $20.5 million guaranteed, earlier this
month. The Jets also had pursued Manning.

UPDATE:

NEW YORK (AP) - ESPN is reporting that the deal to send Tim
Tebow to the New York Jets from the Denver Broncos has hit a snag.
Citing anonymous sources, ESPN says Wednesday that provisions in the quarterback's contract are causing complications in the completion of the trade. ESPN says Tebow's contract has $5 million worth of "recapture language," which means the Jets would have to pay back some money to the Broncos
The hang-up comes just a few hours after the Jets announced they had agreed in principle to acquire the polarizing quarterback.
Denver general manager Brian Xanders said the Broncos would receive fourth- and sixth-round draft picks, while New York gets a
seventh-rounder - all in 2012.

NEW YORK (AP) - Tim Tebow has been traded to the Jets.
The team said Wednesday it has acquired the polarizing
quarterback from the Broncos. Denver general manager Brian Xanders
says the Broncos will receive fourth- and sixth-round draft picks,
while New York gets a seventh-rounder - all in 2012.
The trade first was reported by Fox Sports.
Denver started shopping Tebow after signing Peyton Manning.
Tebow is expected to complement starter Mark Sanchez, who
received a $40.5 million contract extension, with $20.5 million
guaranteed, earlier this month. The Jets also had pursued Manning.
Tebow led the Broncos to the playoffs last season - along the
way beating Sanchez and the Jets, who missed the postseason. But
Denver executive John Elway believed Manning gave the team a better
chance at winning a championship now.


WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 143672066 - wkyt.com/a?a=143672066