http://espn.go.com/new-york/nfl/sto...trade-hits-snag-contract-language-source-says
After word spread rapidly Wednesday that the
New York Jets had acquired quarterback
Tim Tebow from
Denver for draft picks, the teams have encountered a hang-up in the language in Tebow's contract that could nullify the trade, a Broncos source tells ESPN NFL Insider Adam Schefter.
Tebow has about $5 million worth of recapture language in his contract, meaning the Jets would have to pay back some money to Denver, and the Jets might be unwilling to do that.
The trade, then, is not finalized.
The teams agreed to the terms of the trade -- the Jets dealt fourth-round and sixth-round selections in 2012 in exchange for Tebow and a 2012 seventh-rounder from Denver -- before the Broncos asked New York to pay back a portion of bonuses and salary already paid to Tebow, sources told Schefter.
One league source said he believes the trade will go through. Sources also said that, if the trade falls apart, the
St. Louis Rams could be in play for Tebow.
The same money issues in Tebow's contract caused complications for
Jacksonville trying to complete a trade for Tebow earlier, sources told Schefter.
Tebow, a former first-round pick, went on the trading block Monday when the Broncos secured free agent quarterback
Peyton Manning, who signed a five-year, $96 million contract.