The speculation was fast and furious, but did not last very long at all. Just one day after publicly introducing Peyton Manning as their new starting quarterback, the Denver Broncos have traded incumbent QB Tim Tebow to the New York Jets.
Jay Glazer of FOX Sports reported on Wednesday that Tebow has been traded to the Jets in exchange for a fourth-round draft pick. The New York Jets confirmed the news via their official Twitter feed just a short time later.
The Jets will also send a sixth round pick to Denver while the Broncos will give up a seventh round pick.
New York Jets quarterback Mark Sanchez was just signed to an extension that will keep him with the Jets through the next five years, so it is unclear at this time whether Tebow will be used strictly as a backup, or if they will attempt a sort of platoon situation.
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