The Denver Broncos have traded quarterback Tim Tebow to the New York Jets, a league supply told NFL Network’s Michael Lombardi.
Tebow was given the choice of joining either the Jets or Jacksonville Jaguars and decided New York was the greatest option, a league supply told Lombardi.
The Broncos received the Jets’ fourth-round and sixth-round picks in the 2012 NFL Draft. The Jets also gave the Broncos their seventh-round choice this year.
The Broncos later confiremd the move in a release.
“Tim Tebow deserves an huge amount of credit for what he accomplished and how he carried himself for the duration of his time with the Broncos,” Broncos executive John Elway mentioned in the release. “From taking over a 1-4 team and major it to the playoffs to energizing our fans and this community, Tim left an extraordinary mark on this organization. His time in Denver will always hold a particular spot in Broncos history.
“Our objective was to do the finest thing for Tim and the Broncos, and I believe the opportunity that presented itself with the New York Jets accomplishes that objective. Tim made a lot of strides final year and has a extremely promising career ahead of him. If any individual is prepared to place the perform in to be great, it’s Tim Tebow.”
The Jets announced the deal earlier in the day, but the trade hit a snag when the two teams disagreed about how significantly of the $ five millionn currently paid to Tebow would be recouped by the Jets.
Tebow tends to make $ 1.1 million in 2012, but a lot of have overlooked that he accomplished significant escalators in his deal based on his elevated playing time and overall performance in 2011. In 2013 his base is $ 6.055 million and in 2014 it is $ 7.145 million.
Jaguars owner Shahid Khan issued a statement, saying his team was moving forward right after exploring the choice of acquiring Tebow.
“Earlier this week I asked Gene Smith and his staff to discover the potential of acquiring Tim Tebow,” Khan stated in the statement. “I think we have a duty to consider all avenues of enhancing the Jaguars on and off the field, specifically given the special circumstances involving the player. I appreciate the high level of due diligence Gene and his staff devoted to this matter even as late as this evening, and I am quite happy with the outcome. Our commitment to establishing Blaine Gabbert was, and nevertheless is, central to our goal of returning the Jaguars to elite status in the NFL. We’re looking ahead with zero regrets.”
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