Report: Tim Tebow Trade May Be Nullified Due to Money Exchange in Contract

Adam Schefter has tweeted that "Denver and Jets have encountered hangup in language in Tim Tebow's contract that could nullify trade."

Apparently, Tebow has $5 million worth of recapture language in his contract, meaning that the Jets would have to pay that money back to the Broncos.

It remains to be seen whether or not the Jets will be willing to do so.

The same complications were the main holdup in a deal with Jacksonville, Schefter went on to tweet.

It's unknown as to where Tebow will be playing in 2012, but he will dominate headlines until his new home is established.

He figures to play a significant role for the 2012 Jets running the Wildcat offense, but we won't know if he'll actually suit up in white and green until these minor details are banged out.

The Jets may not be the ideal situation for Tebow, but he'll most assuredly receive more playing time there than he would have in Denver.

Stay tuned NFL fans, as the $5 million recapture payment may pose a big problem for the Denver Broncos.