March 21, 201214 yr Author Tebow trade not finalized yet... The Denver Post reports that the holdup in Wednesday's Tim Tebow trade to the Jets is a provision requiring New York to pay a "kick back" worth north of $5 million in order to acquire him. The exact amount is $5,063,750, and per Tebow's language-heavy rookie contract, the Jets must pay the money to the Broncos for the trade to be finalized. We suspect there are ways for Denver to work around this, but for now it's a holdup. Per the Denver Post's Mike Klis, the Jets are understandably "balking" at paying the kick back, and "there is a decent chance this (trade) may die."
March 21, 201214 yr Author Tebow coming back to Florida? ESPN's Adam Schefter reports that the Jaguars have jumped "back in the mix" to trade for Tim Tebow with Wednesday's Jets deal on hold. It's worth noting that Jim Thomas of the St. Louis Post-Dispatch reported earlier Wednesday that the Rams never extended a formal trade offer for Tebow. So the Rams no longer appear to be serious bidders. The Jets are refusing to pay the required $5 million "kick back" in Tebow's rookie contract, but the Jaguars have more salary cap space and may be willing. Stay tuned.
March 21, 201214 yr So in the time I got home from work the Jets traded for Tebow and then maybe cancelled the trade. I kind of hope they don't get him, but it'll be interesting to see what he can do if they do.
March 21, 201214 yr Tebow to the Jets, everything we hate now is conveniently bundled. For the UM/FSU fans. But a ton of Gator fans are squirming right now. As Meat Loaf said, "I'd do anything for love (But I won't do that)" and by that, I mean follow or cheer for the Jets. Sorry Timmy!
March 21, 201214 yr Author Looks like Tebow will be coming back to Florida now... ESPN's Adam Schefter reports the Tim Tebow trade is expected to "come down to" either the Jaguars or the Jets. The Rams are out of the mix. Tebow remains property of the Broncos at this moment, but that should change soon. Due to the holdup caused by language in Tebow's contract, the Jets are in danger of losing out on a trade they went so far as to announce on their club website's Twitter page. The Jaguars are apparently willing to pay the $5 million kick-back option required to acquire Tebow.
March 21, 201214 yr That's a weird contract clause. Is there a rule against getting cash in an NFL trade? That would make sense that they put that clause in as a workaround of that rule. But otherwise, it's really weird.
March 21, 201214 yr There's a rule against trading cash, but I'm pretty sure that's not inclusive of paying off part of a salary.
March 21, 201214 yr There's a rule against trading cash, but I'm pretty sure that's not inclusive of paying off part of a salary. That would be a weird way to do it, also. So you're saying you could trade cash up until the value of the contract you're trading, or something like that? iono. And I'm too lazy to look right now.
March 21, 201214 yr I think the point is you're not allowed to obtain cash, only inherit debt to a player. I could be wrong though, but that's my understanding of it.
March 21, 201214 yr hmmm In Tebow's contract is a $6.2 million salary advance, of which $1.2 million already has been paid by Denver, sources told Schefter. The difference of $5 million is still advanced against his future salary, and that burden would shift to the Jets in a trade. The Jets, sources said, believe the Broncos should owe Tebow that money.
March 21, 201214 yr It's hard for me to believe anyone will give up picks AND that money for the guy.
March 22, 201214 yr Author NFL Network's Mike Lombardi is "hearing" that the Jaguars are close to acquiring Tim Tebow from the Broncos. Lombardi previously wrote on his Twitter account that the Jags had acquired Tebow, but he was citing a fake Tebow Twitter page. "But this is not fake," Lombardi now claims. "I am hearing the Jags are close to making this happen." If so, the Jaguars will have swooped in to acquire Tebow from the Jets' clutches. The Jets thought their midday trade of Tebow was official, before reading the details of his contract and reneging on the initial deal.
March 22, 201214 yr He's a Jet now, it's official. He had the choice of going to Jacksonville or New York and he chose the Jets.
March 22, 201214 yr Why? Even the Jets Twitter confirmed that. Confirmed what? What I said was just a general statement. All the reporters with their "sources" have been so off the past two seasons. It's hard to believe anyone.
March 22, 201214 yr Michael Bush signs with Chicago.. can't really complain but it is interesting considering the holes on the line on both sides of the ball.
March 22, 201214 yr Definitely an intriguing situation with Forte contract not resolved. Does give the bears some leverage there. This will interesting to watch play out Looks like defense will probably be the main focus of the draft... won't be surprised if they add an OL here at some point through FA.
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