The Denver Broncos have traded quarterback Tim Tebow to the New York Jets in exchange for a fourth-round draft pick, Newsday is reporting.
Tebow became redundant in Denver after the team signed Peyton Manning to a five-year, $96 million contract. Newsday adds:
“Earlier this offseason, the Jets signed starting quarterback Mark Sanchez to a three-year extension that runs through 2016 and includes $20 million in guaranteed money for 2012-13. Jets owner Woody Johnson said last week the Jets ‘passed on’ Manning.”
The New York Jets will reportedly leave Mark Sanchez as their starting quarterback.