Tebow Trade Hits A Snag: Jets May Not Be Able To Afford HimBy: Amanda Crum - March 21, 2012
The much-talked about and highly volatile subject of Tim Tebow being traded to the New York Jets gets yet another wrinkle today, as ESPN’s Adam Schefter has just reported that they agreed to the deal before realizing they would have to pay back $5 million of Tebow’s contract to Denver, and they may not be willing to lay out that kind of cash.
Sources say that the Jets agreed to the deal without reading the contract language fully, which led to them having a muddy understanding of what they were getting themselves into.
Jets-Broncos agreed to Tim Tebow trade before Denver asked NY to pay back portion of bonuses and salary already paid to Tebow. No deal yet.
Tebow’s contract with Denver was for a $6.2 million salary advance, and they have already paid $1.2 million of that. The remaining balance will be owed by the Jets if they continue with the trade deal. The Jets reportedly say they think the Broncos should pay up, not them.
This is similar to what happened with the Jacksonville Jaguars when they tried to acquire Tebow, according to Schefter, but he says that they are now back in the running for the young QB:
More craziness filed to ESPN: Jaguars are back in the mix, seeing if they now can pull off a trade with Denver for Tim Tebow.
If this deal falls through, the next team to step up in pursuit of Tebow could be the St. Louis Rams.
The same money issues in Tim Tebow’s contract caused complications for Jacksonville trying to complete trade. Now Jets facing them.