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 selection 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 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 usually hold a specific place in Broncos history.
“Our objective was to do the very best thing for Tim and the Broncos, and I think the chance that presented itself with the New York Jets accomplishes that objective. Tim produced a lot of strides last year and has a quite promising career ahead of him. If any person is prepared to put the function 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 much of the $ 5 millionn already paid to Tebow would be recouped by the Jets.
Tebow makes $ 1.1 million in 2012, but numerous have overlooked that he accomplished important 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 following exploring the selection of acquiring Tebow.
“Earlier this week I asked Gene Smith and his staff to explore the potential of acquiring Tim Tebow,” Khan said in the statement. “I assume we have a duty to take into account all avenues of improving the Jaguars on and off the field, especially given the special 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 happy with the outcome. Our commitment to establishing Blaine Gabbert was, and nevertheless is, central to our purpose of returning the Jaguars to elite status in the NFL. We’re seeking ahead with zero regrets.”
(About:) This post was distributed by Syndicated Sports news wire and aggregation service, For far more NFL news see: Ex-Bronco Tebow traded to Jets QB turned down Jaguars.