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The Denver Broncos have traded quarterback Tim Tebow to the New York Jets, a league source told NFL Network's Michael Lombardi.
Tebow was given the option of joining either the Jets or Jacksonville Jaguars and decided New York was the best choice, a league source told Lombardi.
The Broncos received the Jets' fourth-round and sixth-round picks in the 2012 NFL Draft. The Jets also gave the Broncos their seventh-round selection this year.
The Broncos later confiremd the move in a release.
"Tim Tebow deserves an enormous amount of credit for what he accomplished and how he carried himself during his time with the Broncos," Broncos executive John Elway said in the release. "From taking over a 1-4 team and leading it to the playoffs to energizing our fans and this community, Tim left an extraordinary mark on this organization. His time in Denver will always hold a special place in Broncos history.
"Our goal was to do the best thing for Tim and the Broncos, and I believe the opportunity that presented itself with the New York Jets accomplishes that objective. Tim made a lot of strides last year and has a very promising career ahead of him. If anyone is willing to put the work in to be great, it's Tim Tebow."
The Jets announced the deal earlier in the day, but the trade hit a snag when the two teams disagreed about how much of the $5 millionn already paid to Tebow would be recouped by the Jets.
Tebow was given the option of joining either the Jets or Jacksonville Jaguars and decided New York was the best choice, a league source told Lombardi.
The Broncos received the Jets' fourth-round and sixth-round picks in the 2012 NFL Draft. The Jets also gave the Broncos their seventh-round selection this year.
The Broncos later confiremd the move in a release.
"Tim Tebow deserves an enormous amount of credit for what he accomplished and how he carried himself during his time with the Broncos," Broncos executive John Elway said in the release. "From taking over a 1-4 team and leading it to the playoffs to energizing our fans and this community, Tim left an extraordinary mark on this organization. His time in Denver will always hold a special place in Broncos history.
"Our goal was to do the best thing for Tim and the Broncos, and I believe the opportunity that presented itself with the New York Jets accomplishes that objective. Tim made a lot of strides last year and has a very promising career ahead of him. If anyone is willing to put the work in to be great, it's Tim Tebow."
The Jets announced the deal earlier in the day, but the trade hit a snag when the two teams disagreed about how much of the $5 millionn already paid to Tebow would be recouped by the Jets.
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