Barring another late change in the Tebow trade saga, the news comes as a bit of a surprise after earlier reports on Wednesday said that Tebow would be allowed to choose between the Jets and the Jacksonville Jaguars. Many expected him to choose the Jaguars based on a report earlier in the week that he preferred to play in Florida.
The Jets had a deal in place with the Broncos earlier in the day on Wednesday. A hangup over the details of the contract, specifically how much money the Jets' would have to pay in the deal along with the draft picks, got their first attempt at a trade nixed by the league.
The terms of this deal were a little different than the first one. The Broncos sent Tebow and a seventh-round pick to the Jets in exchange for New York's fourth- and sixth-round pick.
Denver has agreed to trade Tim Tebow and a seventh-round pick to the Jets for the NY's fourth-round pick and a sixth-round pick.— Adam Schefter (@AdamSchefter) March 22, 2012