Tebow Trade in Jeopardy

After word spread rapidly Wednesday that the Denver Broncos had traded QB Tim Tebow to the New York Jets for draft picks, the teams have encountered a snag in the language of Tebow’s contract that may kill the deal.

ESPN is reporting that in  Tebow’s contract is a $6.2 million salary advance, of which $1.2 million already has been paid by Denver. 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 their differences over which should pay the money coming to Tebow. Tebow, a former first-round pick, went on the trading block Monday when the Broncos secured free agent quarterback Peyton Manning signed a five-year, $96 million contract.