Jets to acquire Tebow, split refund with Broncos

Adam Schefter is reporting on ESPN that the Broncos and Jets have again agreed to a deal that will send Tim Tebow and a seventh-rounder from Denver to New Jersey in return for a fourth- and sixth-rounder. The Jets had announced the same trade earlier in the day but had not yet read the details of the quarterback's contract; at issue was the $6,277,500 guarantee Denver had paid Tebow last summer.

$5,036,250 of that figure covered Tebow's 2012-2014 salaries, and as is customary with such advances, any team acquiring Tebow would owe the Broncos a refund on the salary already paid but not yet earned. Instead, the Jets and Broncos have agreed to split the difference, meaning the Jets will be sending Denver about $2.5M to complete the deal.

According to Schefter, the Jaguars had jumped back into the bidding after the initial deal fell through, and were willing to pay most or all of that $5,036,250 figure. Schefter reports that Tebow ended up having some input into where he landed, and he chose the Jets, despite wide assumptions he preferred to go home to Florida.

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Broncos add WR Andre Caldwell

According to Jason Cole, the Broncos have signed former Bengals WR Andre 'Bubba' Caldwell (6-0, 190) to a two-year deal. Caldwell, who was drafted by Cincinnati in the third round of the 2008 Draft, has 124 catches for 1,172 yards and six touchdowns in 51 career games, 14 of them starts; he turns 27 next month.

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Tebow’s Choice: Jags or Jets or whatever works best

Per Vic Lombardi:

Twitter has turned this job into verbal sportstalk radio. I love it. Still waiting on Tebow. Sounds like Jets are trying to make it work.

More to follow.  Not sure if Vic is 95% sure the Jets are trying.

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Tebow trade to Jets hits snag; Jags in the mix; Robby Tebow enters the fray

According to Adam Schefter, there is a chance the Broncos' trade of Tim Tebow to the Jets will fall through due to financial aspects of Tebow's contract that the Jets find unsatisfactory:

Denver and Jets have encountered hangup in language in Tim Tebow's contract that could nullify trade. If the Tebow trade to Jets falls apart, St. Louis could wind up getting back into play. Sides sorting through details. Tim Tebow has $5 million worth of recapture language, meaning Jets would have to pay back money to Denver. Jets might be unwilling. Complex. The same money issues in Tim Tebow's contract caused complications for Jacksonville trying to complete trade. Now Jets facing them.

This is a surprising development, especially since Tebow and Jets coach Rex Ryan share the same agent, Jimmy Sexton.

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Madden Curse won’t be Denver’s

Tebow Broncos' finalist for Madden cover
espn.go.com

The AFC West (three of the four teams at least) representatives for the Madden ’13 cover chase have been announced.

The four players who survived the intra-team play-in round are: Kansas City’s Dwayne Bowe, Oakland’s Sebastian Janikowski, San Diego’s Antonio Gates and … Tim Tebow of Denver.

As the world awaits to see whether Tim Tebow will be a member of the New York Jets, one thing is certain---he won't be a member of the Denver Broncos.  This makes his besting of Von Miller in the first round of the 2012 Madden Cover Tournament all the more interesting.  Von is gone; Tebow won't be a Bronco.  This ensures the Madden Curse misses Denver for the upcoming season--if you believe in such things.

Broncos lose Bunkley to Saints

Brodrick Bunkley has spurned the Broncos' efforts to re-sign him, choosing instead to join the coachless Saints; Lindsay Jones says the team had been optimistic last night they would retain the 28-year-old tackle. According to Adam Schefter, Bunkley has agreed to a five-year deal with $9M in guarantees.

Bunkley had helped revitalize Denver's defense in 2011; according to PFF, he was the third-rated defensive tackle in the NFL overall, and the best against the run. The Broncos had acquired Bunkley last summer in exchange for a conditional 2013 draft choice believed to be a sixth- or seventh-rounder.

Goodell drops hammer on Saints

Roger Goodell has delivered his verdict on the Saints' institutionalized bounty system, and the punishment will be severe:

  • Saints HC Sean Payton has been suspended for the season without pay
  • GM Mickey Loomis has been suspended for eight games
  • Rams DC Gregg Williams has been suspended indefinitely
  • Assistant HC Joe Vitt has been suspended for six games
  • New Orleans has been docked $500K and their 2012 and 2013 second-rounders

Player punishments have not yet been determined.

Broncos agree to trade Tebow to Jets

A day after signing Peyton Manning to a five-year deal, the Broncos have agreed to trade Tim Tebow and their seventh-round choice in April's draft to the Jets in return for New Jersey's fourth- and sixth-rounders. However, the deal has encountered a snag, as the Jets are apparently balking at language in Tebow's contract.

As of now, the Broncos now have one pick in each of the first, second, third, fifth, and sixth rounds, plus two in the fourth round. Denver's own fifth-rounder went to Cleveland to complete the Peyton Hillis/Brady Quinn deal, while the team acquired the Rams' fifth-rounder in return for WR Brandon Lloyd. The Broncos' own sixth-rounder went to the Eagles in return for LB Joe Mays, who was re-signed earlier in the week.

Another rodeo for Elway and Manning

There was once a writer named John D. MacDonald, who became well known because, among other things, he penned the legendary 21-book Travis McGee series. You may not have read them, but I think that you’d recognize the central pieces of the plot: a shambling, aging boat bum calls himself a ‘salvage operator’. He’s a guy who’d always been fairly close to the line of the law, but he takes on lost causes for half the value of any eventual ‘recovery’. He explains to prospective clients the size of his bounty by pointing out that if they had a choice, they wouldn’t be coming to him.

I couldn’t help but think of that brilliant piece of literary Americana when the news came down on Peyton Manning. John D. MacDonald made a fortune in the stock market before he was badly bitten by the writing bug. Ask anyone who really has it - you do it not because it’s what you want, but because it’s just what you do. MacDonald looked around himself with his Stanford MBA eyes and saw the world around himself clearly. He penned it into every chapter of those rich, noir books. Cape Fear was made to film - twice - from one of MacDonald’s novels, The Executioners. Travis McGee was, for many, an iconic figure.

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Peyton Manning is a Denver Bronco Lard 3-21-12

Good Morning, Broncos fans! Pat Bowlen and John Elway (BTV interview) introduced (presser video) Peyton Manning (BTV interview) as the new starting quarterback for the Denver Broncos yesterday.

Say it aloud, friends:

Peyton Manning. Denver Broncos.

Peyton Manning is a Denver Bronco.

Peyton Manning is a Denver Bronco.

Peyton Manning is a Denver Bronco.

Still hard to believe, but click your heels, and it will remain just as true.

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