NY Jets and Denver Broncos complete trade for quarterback Tim Tebow

NEW YORK - (AP) - The Broncos and the Jets have completed a trade to send quarterback Tim Tebow to New York.

The deal hit a snag earlier Wednesday when the Jets apparently balked at repaying Denver more than $5 million for a salary advance due Tebow. ESPN reported that the two sides had agreed to split that cost.

The Broncos also will receive fourth- and sixth-round draft picks, while New York gets a seventh-rounder - all in 2012 - as agreed to in the initial deal.

Denver started shopping Tebow after signing Peyton Manning, and the Jets were considered a long shot as late as Tuesday night. But New York went after Tebow, envisioning him as a versatile complement to starter Mark Sanchez, who received a $40.5 million contract extension, with $20.5 million guaranteed, earlier this month. The Jets also had pursued Manning.

VIDEO: Jets GM Tannenbaum on Tebow trade

advertisement | advertise on News 12

Trending Video

The owner of Jewelry Expo in Union Township 1 Sleight-of-hand thieves steal $10K worth of jewelry
On a busy Friday morning, just seconds before 2 Good Samaritan saves woman's life, gets robbed in Edison
Christopher Schraufnagel has been charged with having sexual 3 Ex-teacher accused in sex scandal
A house in Manalapan caught fire after it 4 House catches fire on Dancer Lane in Manalapan
Jersey City police officers are urged to stay 5 Jersey City Police on alert following NYPD murders

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE