New York Jets

Home / NFL / New York Jets / NFL / Denver Broncos / New York Jets-Denver Broncos Tim Tebow Trade Finalized After Hitting Initial Snag

New York Jets-Denver Broncos Tim Tebow Trade Finalized After Hitting Initial Snag

Published: 21st Mar 12 3:27 pm
Tweet
by Jon Presser
New York Jets Lead Columnist
1 Rant »
Chris Humphreys-US PRESSWIRE

Update: The Jets and Broncos have agreed to a deal. The $5 million dispute will be split evenly between both teams. Tim Tebow is a New York Jet.

Below is the original article.

 

Hold your horses broncos, Jets fans.

The New York Jets and Denver Broncos had agreed upon a trade earlier today that would’ve sent Tim Tebow to New York in exchange for a fourth- and a sixth-round draft pick in the upcoming 2012 NFL Draft.

However, now according to reports, the Tebow trade is not a done deal, and in fact may now be in danger of falling through all together.

ESPN’s Adam Schefter is reporting that there’s a contractual snag that the Jets weren’t aware of when they agreed to a deal, and they’re disputing it to the point that the two sides are now negotiating parameters of a deal again.

Over a series of tweets, Schefter claims that the Jacksonville Jaguars previously balked at similar contractual issues, and that the St. Louis Rams may try to get back into the Tebow trade talks if the Jets deal gets nullified.

Filed to ESPN (1): Denver and Jets have encountered hangup in language in Tim Tebow's contract that could nullify trade.
March 21, 2012 2:13 pm via UberSocial for BlackBerryReplyRetweetFavorite
@AdamSchefter
Adam Schefter
(2) If the Tebow trade to Jets falls apart, St. Louis could wind up getting back into play. Sides sorting through details.
March 21, 2012 2:14 pm via UberSocial for BlackBerryReplyRetweetFavorite
@AdamSchefter
Adam Schefter
The same money issues in Tim Tebow's contract caused complications for Jacksonville trying to complete trade. Now Jets facing them.
March 21, 2012 2:26 pm via UberSocial for BlackBerryReplyRetweetFavorite
@AdamSchefter
Adam Schefter
Tim Tebow has $5 million worth of recapture language, meaning Jets would have to pay back money to Denver. Jets might be unwilling. Complex.
March 21, 2012 2:20 pm via UberSocial for BlackBerryReplyRetweetFavorite
@AdamSchefter
Adam Schefter
One league source said he believes Tim Tebow trade with Jets will go through. But contractual issues now complicating it.
March 21, 2012 2:39 pm via UberSocial for BlackBerryReplyRetweetFavorite
@AdamSchefter
Adam Schefter
Jets-Broncos agreed to Tim Tebow trade before Denver asked NY to pay back portion of bonuses and salary already paid to Tebow. No deal yet.
March 21, 2012 2:40 pm via UberSocial for BlackBerryReplyRetweetFavorite
@AdamSchefter
Adam Schefter

 

Are we having fun yet?

Some are saying that the Jets were unaware of this $5 million payment prior to agreeing upon a trade, and it’s possible that they’ll be on the hook for it because of the language of Tebow’s contract.

Could the Jets really have been so negligent to have not read the contract before agreeing upon a deal? It sounds ridiculous, but at this point nothing would be too ridiculous for a story like this.

I don’t blame the Jets for objecting over $5 million. That’s a lot of money and it’s enough of a dealbreaker for me say no to a guy I really would rather stay away in the first place.

Stay tuned, as this developing story is apparently far from over. It really looks like the deal may not get done, though.

Update: Schefter and NFL business analysis Andrew Brandt with updates:

At issue in Tebow trade is 5M advance on 2012, 2013 and 2014 salaries paid by Denver. Denver wants $$ back from NYJ.
March 21, 2012 3:07 pm via webReplyRetweetFavorite
@adbrandt
Andrew Brandt
Tebow had 6.2M salary advance in 2011, 5M left on advance, Broncos want money back from NYJ as per assignment of contract.
March 21, 2012 3:25 pm via webReplyRetweetFavorite
@adbrandt
Andrew Brandt
More craziness filed to ESPN: Jaguars are back in the mix, seeing if they now can pull off a trade with Denver for Tim Tebow.
March 21, 2012 3:40 pm via UberSocial for BlackBerryReplyRetweetFavorite
@AdamSchefter
Adam Schefter

Well that was fun! Tebow is a Jet after all. What a whirlwind.

 

Follow me on Twitter @metsjetsnets88  / Contact me at 

 

Buy New York Jets Tickets | Buy New York Jets Apparel
Connect with Rant Sports

Recent www.RANTSPORTS.COM Videos

Fast Pitch with Lauren Strec: A Hot Dog That Feeds 4, Will Smith is a Happy Owner, a Lazy Referee, and Reebok’s Infidelity Campaign Fast Pitch with Lauren Strec: A Hot Dog That Feeds 4, Will Smith is a Happy Owner, a Lazy Referee, and Reebok’s Infidelity Campaign
Tim Tebow Trade Rumors: Five Possible Trade Destinations Tim Tebow Trade Rumors: Five Possible Trade Destinations
Fast Pitch with Lauren Strec: An Awkward Dick Vitale, A 5th-Grade Bookie, and Blind NCAA Referees Fast Pitch with Lauren Strec: An Awkward Dick Vitale, A 5th-Grade Bookie, and Blind NCAA Referees
Fast Pitch with Lauren Strec: 8-Pound Strasburger, Hockey Coach Freaks Out, and Pat Tillman’s Cleats Fast Pitch with Lauren Strec: 8-Pound Strasburger, Hockey Coach Freaks Out, and Pat Tillman’s Cleats
Get more Traffic

One Rant to “New York Jets-Denver Broncos Tim Tebow Trade Final...”

    Check out what others are saying about this post...

    1. Why Tim Tebow to the New York Jets Makes Sense : RedZone Talk says:
      March 21, 2012 at 11:23 pm

      [...] day long I’ve been hearing why the New York Jets and their trade for Denver Broncos QB Tim Tebow makes no sense. They already have a starting QB, whom they just [...]

      Reply

    Leave a Rant

    Agree? Disagree? Have a different opinion? Let us know what you think...
    and oh, if you want a pic to show with your comment, go get a gravatar!