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Jets Finalize Deal With Broncos For Tim Tebow

by KREX News Room
by Josh Moser

Story Created: Mar 21, 2012 at 8:41 PM MDT

Story Updated: Mar 22, 2012 at 9:52 AM MDT

DENVER- After hours of back and forth negotiation, the Denver Broncos and New York Jets agree on terms for quarterback Tim Tebow.

The Broncos will send Tebow and a seventh round pick in this year's NFL Draft in exchange for a fourth round and sixth round pick, also in this year's NFL Draft.

Slowing negotiations was a debate over the amount of $5 million which the Broncos paid to Tebow in bonuses. Denver wanted to recoup that money. However, the two sides ultimately decided to split the difference at $2.5 million to get the deal done.

Tebow will join Mark Sanchez in New York at the quarterback position. The former USC Trojan signed a three-year, $40.5 million contract extension two weeks ago.

All of this happened less than 24 hours after the Broncos signed Peyton Manning.

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Anonymous said on Thursday, Mar 22 at 2:40 AM

Wow. The Tebow circus is gonna get really big now.

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