Wednesday, March 21, 2012

Tebow to Jets deal may get nixed

Tim Tebow trade not finalized? Jets deal hits a snag
Published on First-and-Orange | shared via feedly

Would you buy a home without an inspection?

The contract says any team acquiring Tebow has to kick back $5.06375 million to the Broncos in advanced salaries from the 2012, 2013 and 2014 seasons, according to an NFL source. Tebow received $6.277 million in salary advance during the 2011 season. The breakdown of that advance: $1,213,750 in 2011 (the Broncos paid); $1,425,000 in 2012; $1,691,250 in 2013; and $1.92 million in 2014.

The Broncos expect the Jets to pay them back those salary advances from 2012-14 per Tebow's contract. The Jets are balking. There is a decent chance this deal may die.
Mike Klis, First-and-Orange.