Report: Tim Tebow to the Jets a Done Deal

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Report: Tim Tebow to the Jets a Done Deal
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The Tim Tebow trade ordeal appears to have finally ended. 

Update: Wednesday, March 21 at 8:55 p.m. ET

The deal is done. Here's the latest from Schefter:

So that's it. Tebow is going to be a New York Jet. He will back up Mark Sanchez. You are free to go about your business, and we need not talk about Tebow anymore.

[Crosses fingers].

Update: Wednesday, March 21 at 8:32 p.m. ET

The Broncos are reportedly allowing Tebow to pick his next destination. Well, as long as said destination is Jacksonville or New York. ESPN's Adam Schefter has the news.

Looks like Tim better start doing some serious Tebowing. 

Schefter summarized the trade mess in a series of tweets, starting with this one:

The key problem is in the "recapture language" of Tebow's contract:

Lastly, Schefter noted that this very issue is the reason why the Jacksonville Jaguars didn't pull the trigger on a deal for Tebow:

In the event that the deal falls apart, Schefter reports that Tebow could be traded to the St. Louis Rams:

Schefter has since reported that the Jacksonville Jaguars are already making an effort to steal Tebow from the Jets:

The reality of this situation, according to Schefter, is this:

Mike Klis of The Denver Post has posted a rundown of exactly what is going on right now. He notes that Tebow's contract requires any team acquiring Tebow has to pay back exactly $5.06375 million in advanced salaries for the 2012, 2013 and 2014 seasons.

Jeff Darlington of put it this way:

There's still a chance that the Broncos and Jets will get things squared away, but until they do, this trade is very much in danger of not happening.

Of course, the Jets can make things easier on themselves by simply agreeing to pay the Broncos money, but it's not surprising that they're apparently not willing to do that. Why pay extra cash for a backup quarterback with a boatload of mechanical problems?

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