Tebow Trade to Jets in Jeopardy Over Contract Detail, ESPN Says

Financial language in Tim Tebow’s contract with the Denver Broncos may nullify his trade to the New York Jets, according to ESPN.

Tebow has about “$5 million worth of recapture language” in his contract -- money the Broncos already paid him that they would recoup if he were to retire before completing the deal -- and Denver is asking the Jets to compensate them to complete the agreement, ESPN.com said citing an unidentified person with the Broncos.

The same issue caused complications for the Jacksonville Jaguars when they tried to acquire Tebow, ESPN said.

The Jets agreed to send fourth- and sixth-round draft picks to Denver for Tebow and a seventh-round pick, ESPN said.

To contact the reporter on this story: Mason Levinson in New York at mlevinson@bloomberg.net.

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.