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.
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.
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.
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.
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 $9M in guarantees.
Bunkley had helped revitalize Denver's defense in 2011; according to PFF, he was the third-rated defensive tackle in the NFL overall, and the best against the run. The Broncos had acquired Bunkley last summer in exchange for a conditional 2013 draft choice believed to be a sixth- or seventh-rounder.
Roger Goodell has delivered his verdict on the Saints' institutionalized bounty system, and the punishment will be severe:
Player punishments have not yet been determined.
A day after signing Peyton Manning to a five-year deal, the Broncos have agreed to trade Tim Tebow and their seventh-round choice in April's draft to the Jets in return for New Jersey's fourth- and sixth-rounders. However, the deal has encountered a snag, as the Jets are apparently balking at language in Tebow's contract.
As of now, the Broncos now have one pick in each of the first, second, third, fifth, and sixth rounds, plus two in the fourth round. Denver's own fifth-rounder went to Cleveland to complete the Peyton Hillis/Brady Quinn deal, while the team acquired the Rams' fifth-rounder in return for WR Brandon Lloyd. The Broncos' own sixth-rounder went to the Eagles in return for LB Joe Mays, who was re-signed earlier in the week.
11:00 pm Pork Chop continues to further the idea the Patriots could trade Ryan Mallet straight up for Tim Tebow.
8:34 pm Lindsay Jones: Also noteworthy from today: #Broncos still working hard to get deal with Brodrick Bunkley done. GM Brian Xanders said it was extra important to get deals with Mays and Woodyard done if DJ Williams' supspension upheld by court.
7:42 pm Here's a photo of Manning signing his contract, officially making him a Denver Bronco.
7:03 pm Well, thi$ didn't take long.
5:35 pm Tracy Porter, whose pick-six sealed his Saints' SB victory over Peyton Manning's Colts, will visit Dove Valley tomorrow.
Per Josina Anderson:
Agent Tony Fleming tells me Broncos LB Wesley Woodyard and the Broncos have agreed to terms on two-year deal.
Brando Spano also announced this on his radio show--in fact, it looks like Brandon had the news first.
Woodyard is a good insurance policy against DJ Williams' potential suspension.
Still waiting on terms of the deal. Doug should have these in the Lard tomorrow.
10:40 pm Brando Spano (via his radio show) is reporting that Wesley Woodyard is working on a 2-year deal to return to the Broncos.
9:00 pm Denver's other veteran TE acquisition from 2011 is departing; Dante Rosario is heading to San Diego shortly after Daniel Fells joined the Patriots.
7:48 pm Sal Paolantonio: Former Bronco Frank Tripucka will allow Peyton Manning to wear his retired number 18 next season
6:55 pm Jason La Canfora: Team Manning about to be assembled in Denver. C Jeff Saturday has a visit scheduled. WR Brandon Stokley likely to be signed #freeagency