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.