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New York Jets Get Quarterback Tebow in Trade from Denver Broncos

March 21 (Bloomberg) -- The Denver Broncos said they have agreed to trade quarterback Tim Tebow and a seventh-round pick in this year’s NFL Draft to the New York Jets for fourth- and sixth-round picks in the draft.

The trade stalled for several hours this afternoon as the Broncos and Jets negotiated who will pay a $5 million advance on his salary, ESPN reported, citing an unidentified league source.

The trade was finalized after the Jets agreed to pay half the amount, ESPN said.

To contact the editor responsible for this story: Rob Gloster at rgloster@bloomberg.net

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