Tim Tebow Traded. Maybe. Yes.

So just a day after the Denver Broncos signed Peyton Manning, they have reportedly traded Tim Tebow to the New York Jets for a fourth round draft pick and a sixth rounder too.

What’s this mean for Tebow? It means he will see a lot of time on the bench. The Jets just gave Sanchez a nice big contract worth about 40 million. That would make it hard to imagine the possibility of the Jets trading him after that kind of commitment, or bench him for Tebow.

In reality the Jets got a player that they will use sparingly, but only gave up a happy meal to do it.

Bye Bye Tebow-Mania

Update: Not so fast. The Tim Tebow trade encounters a snag

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 told ESPN NFL Insider Adam Schefter.

In Tebow’s contract is a $6.2 million salary advance, of which $1.2 million already has been paid by Denver, sources told Schefter. The difference of $5 million is still advanced against his future salary, and that burden would shift to the Jets in a trade. The Jets, sources said, believe the Broncos should owe Tebow that money.

The trade, then, will not be finalized until the sides resolve who should pay the money to Tebow.

Update #2: It’s official