Mar 21, 2012

News Alert: After Hours of Uncertainty, Jets Complete Deal for Tebow

Breaking News Alert
The New York Times
Wednesday, March 21, 2012 -- 9:28 PM EDT
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After a Snag, Trade of Tebow to Jets Is Confirmed

The Jets completed a trade for Tim Tebow on Wednesday night, ending hours of uncertainty that came after the team had already announced that the deal had been made with the Denver Broncos.

At 12:50 p.m. Wednesday, the Jets' official Twitter feed announced that the team had acquired Tim Tebow, the popular but polarizing quarterback, from the Denver Broncos. At 1:03 p.m., reporters who regularly cover the team received a text message acknowledging that the Jets and the Broncos had agreed in principle to the deal.

And then the proposed deal stalled, ostensibly because the Jets failed to fully understand a provision in Tebow's contract that would cause them to owe Denver about $5 million. Into the mix came the Jacksonville Jaguars, leaving the Jets to face the possibility that a high-profile trade would collapse in the most public of manners.

The Jets were able to salvage the trade, however, and the Broncos confirmed its completion Wednesday night.

Read More:
http://www.nytimes.com/2012/03/22/sports/football/jets-acquire-tebow-in-trade-with-broncos.html?emc=na

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