You knew any trade involving Tim Tebow wouldn't be easy and this one isn't. The New York Jets announced on their Twitter feed Wednesday morning that they had traded for Denver Broncos quarterback Tim Tebow. Just a few hours later, the trade may not go through and other teams, like the Jacksonville Jaguars, could be back in the mix in the trade talks.
The Denver Post explains that Tebow's contract would require the Jets to pay back over $5 million, something that the Jets apparently didn't consider when they initially agreed to the deal.
If you're into the nerdy-contract talk, the Denver Post explains it well:
Tebow received $6,277,500 million as advances from salaries in 2011 ($1,213,750); 2012 ($1,425,000); 2013 ($1,691,250) and 2014 ($1.92 million). Broncos paid the 2011 advance (and got their money's worth as Tebow led them from a 1-4 start under Kyle Orton to the playoffs). But as Tebow would be a Jet today with completion of trade, Jets would be assigned Tebow's contract.
The Broncos paid the advance, but the 2012, 2013 and 2014 salaries still go to team that gets Tebow's services.
The Denver Post writes there is a "decent chance this deal may die."
And here's where things get even more interesting. With the Tebow trade not actually happening yet, other teams are starting to get back into the mix. ESPN reports the Jacksonville Jaguars, who were reportedly one of the teams interested in him to begin with, are "back in the mix" for a Tebow trade and hope to get something done.
The original trade had the Broncos giving up Tebow and a seventh round pick for the Jets' fourth and sixth round picks.
Now that Tebow's back on the trade block, at least for the time being, don't be surprised if other teams engage the Broncos in trade talks.
For more on the Tebow non-trade, stay tuned to this StoryStream.