Hold the phone. The trade has not been completed that will give the New York Jets Tim Tebow. Adam Schefter tweets that there is a hangup in the language that could nullify the trade. Never a dull moment in Jets land!
Filed to ESPN (1): Denver and Jets have encountered hangup in language in Tim Tebow’s contract that could nullify trade.
3/21/12 3:13 PM
(2) If the Tebow trade to Jets falls apart, St. Louis could wind up getting back into play. Sides sorting through details.
3/21/12 3:14 PM
Tim Tebow has $5 million worth of recapture language, meaning Jets would have to pay back money to Denver. Jets might be unwilling. Complex.
3/21/12 3:20 PM
The same money issues in Tim Tebow’s contract caused complications for Jacksonville trying to complete trade. Now Jets facing them.
3/21/12 3:26 PM
Jets still alive and working to complete this trade. But there are contractual complications.
3/21/12 3:32 PM
The Jets’ trade for Tim Tebow might have hit a snag.
The Broncos are attempting to recoup $5 million paid out as a bonus on Tebow’s original rookie contract, according to league sources.
Money typically isn’t exchanged in this way in trades like this. No team would ever agree to a deal like this, because it would be too complicated.