dirwuf
Scout Team
Finally, an organization that is more stupid than ours!
http://blogs.denverpost.com/broncos/2012/03/21/tebow-trade-finalized/12725/
http://blogs.denverpost.com/broncos/2012/03/21/tebow-trade-finalized/12725/
I wondered why the Broncos never announced their trade with the New York Jets.
The Broncos and Jets agreed to a trade that sent Denver quarterback Tim Tebow and a seventh-round draft pick to New York in exchange for a fourth- and sixth-round draft pick.
The Jets even announced the trade on their twitter feed. And th-e-e-e-e-e-n someone in Jets’ management decided to look at Tebow’s contract. The Jets were apparently in too much rush to make a news splash for their New York tabloids. They didn’t look at Tebow’s contract until after agreeing to the deal.
Would you buy a home without an inspections?
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 $6,277,500 million as advances from salaries in 2011 ($1,213,750); 2012 ($1,425,000); 2013 ($1,691,250) and 2014 ($1.92 million). Broncos paid the 2011 advance (and got their money’s worth as Tebow led them from a 1-4 start under Kyle Orton to the playoffs). But as Tebow would be a Jet today with completion of trade, Jets would be assigned Tebow’s contract.
The Broncos paid the advance, but the 2012, 2013 and 2014 salaries still go to team that gets Tebow’s services.
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.