Earlier on Wednesday, the Broncos had reportedly reached an agreement with the New York Jets on a trade for Tebow that would have sent a 4th-round pick to the Broncos. However, word on Wednesday came down that there was a snag in negotiations.
The hang up stems from a $5 million payment that any team that acquires Tebow would have to pay in the event of a trade. The Jets apparently did not read this part of the contract before finalizing the trade, and they are now considering backing out of the trade now knowing what it would truly cost them to get Tebow.
The Jaguars were in discussions with the Broncos and reportedly offered a 5th-round pick for Tebow. Now that the Jets may be out, the Jaguars want back in.
As I wrote earlier, if the Jaguars were to acquire Tebow the decision will have come from the top of the organization. New Jaguars owner Shahid Khan has made it no secret that he would like to see Tebow in a Jaguars uniform.
The question is, however, how will the Jaguars acquiring Tebow effect the development of second year quarterback Blaine Gabbert?
Jaguars general manager Gene Smith has said several times this offseason that Gabbert is the guy, but if Tebow shows up in Jacksonville the demand to see him become the starting quarterback will be a major distraction.
For now the NFL world waits to see how this situation plays out.