The New York Jets and Jacksonville Jaguars now are in discussions with the Denver Broncos about a potential trade for quarterback Tim Tebow, league sources told NFL Network's Michael Lombardi on Wednesday.
The Jets had previously announced they had agreed with the Broncos on a trade, but the deal hit a snag when it came to the Broncos' desire to recoup more than $5 million they had paid in Tebow's original rookie contract.
The brother of Tim Tebow said he believes the snag has the talks "almost back to square one."
Playing at a pro-am golf tournament at the Arnold Palmer Invitational at Bay Hill in Orlando, Fla., Robby Tebow said Wednesday that he and Tim believed a trade to the Jets was a done deal.
"Like he was signed, sealed and delivered," Robby Tebow said. "Apparently, they didn't read the fine print."
Shortly after news of the would-be deal broke, Robby Tebow's phone started buzzing. Tebow Time on Broadway? Well, not quite yet.
"They're working on it," Robby Tebow said. "I think the Jags are back in play. We're almost back to square one."
Jaguars spokesman Dan Edwards declined comment.
"We want to go where somebody wants him -- that's where he wants to be," Robby Tebow said. "We'll figure it out. They're working on the contract; all those guys doing what they're paid to do."
As part of Tebow's five-year, $11.25 million contract that he signed as a rookie in 2010, he had a $6.277 million advance due 29 days after the start of the 2011 league year. That money was paid to him in August after the NFL lockout ended. The trade hit the hang-up when the Jets apparently balked at repaying the Broncos the $5 million for the 2012 through 2014 seasons from that advance.
The Associated Press contributed to this report.
