Tebow Trade Hits A Snag
An ESPN NFL insider is reporting that issues in the contract between the Broncos and the Jets may cancel the Tim Tebow deal.
The team said Wednesday it 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.
Now, the NFL insider, Adam Schefter, says that Tebow has $5 million worth of recapture language in the contract, meaning that the Jets would have to pay back money to Denver. Schefter says that the Jets might be unwilling.
Schefter says the Tim Tebow trade now is expected to come down to either the Jacksonville Jaguars or the NY Jets.
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.
