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 tells Adam Schefter of ESPN.
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 their differences over which should pay the money coming to Tebow.
The teams agreed to the terms of the trade -- the Jets dealt fourth-round and sixth-round selections in 2012 in exchange for Tebow and a 2012 seventh-rounder from Denver -- before the Broncos asked New York to pay back a portion of bonuses and salary already paid to Tebow, sources told Schefter.
One league source said he believes the Broncos-Jets trade will go through. Sources also said that, if the trade falls apart, the St. Louis Rams could be in play for Tebow because the Rams do not have issues with Tebow's contract that New York does.
The same money issues in Tebow's contract also caused complications for Jacksonville trying to complete a trade for Tebow earlier, sources told Schefter.