The Denver Broncos have traded quarterback Tim Tebow to the New York Jets, a league source told NFL Network’s Michael Lombardi.
Tebow was offered the alternative of joining either the Jets or Jacksonville Jaguars and decided New York was the very best option, a league source 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 enormous quantity of credit for what he accomplished and how he carried himself for the duration of his time with the Broncos,” Broncos executive John Elway stated in the release. “From taking more than a 1-four 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 unique place in Broncos history.
“Our goal was to do the finest issue for Tim and the Broncos, and I think the chance that presented itself with the New York Jets accomplishes that objective. Tim made a lot of strides last year and has a extremely promising career ahead of him. If any person is prepared to put the work in to be wonderful, 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 a lot of the $ five millionn currently paid to Tebow would be recouped by the Jets.
Tebow makes $ 1.1 million in 2012, but a lot of have overlooked that he accomplished substantial escalators in his deal based on his increased 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 following exploring the choice of acquiring Tebow.
“Earlier this week I asked Gene Smith and his staff to discover the prospective of acquiring Tim Tebow,” Khan stated in the statement. “I think we have a duty to take into account all avenues of enhancing the Jaguars on and off the field, especially given the unique circumstances involving the player. I appreciate the high level of due diligence Gene and his staff dedicated to this matter even as late as this evening, and I am extremely satisfied with the outcome. Our commitment to establishing Blaine Gabbert was, and nonetheless is, central to our aim of returning the Jaguars to elite status in the NFL. We’re looking ahead with zero regrets.”
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