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Tim Tebow to the Jets for two mid-round picks

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(Getty Images)

UPDATE: ESPN's Adam Schefter is reporting there is a hang-up in the trade because of language in Tim Tebow's contract. Tim Tebow has $5 million worth of recapture language, meaning Jets would have to pay back money to Denver. If the trade falls apart, the St. Louis Rams may get back into the Tebow derby.

After the Denver Broncos signed Peyton Manning, quarterback Tim Tebow needed a new home. He's found it. Tebow and a seventh-round draft pick have been shipped to the New York Jets for fourth- and sixth-round draft picks. All picks are for 2012.

Tebow became a sensation during the 2011 season. After starting the season as a backup to Kyle Orton, he started in a string of late-in-the-game comebacks. The Broncos released Orton, and Tebow seemed to be their man. But when Manning was released by the Colts, Broncos general manager John Elway jumped at the chance to sign him.

[ Dan Wetzel: Tim Tebow not good enough for John Elway, Broncos ]

With the Jets, Tebow will have to compete with Mark Sanchez for a starting job. Sanchez threw seven interceptions in his last three games as the team fell apart in the midst of a playoff race. The Jets finished the season 8-8, with losses to the eventual Super Bowl champion New York Giants and the hapless Miami Dolphins keeping the Jets from playoff contention.

Jets defensive back Antonio Cromartie does not approve of the move. He tweeted:

Y bring Tebow in when we need to bring in more Weapons for @Mark_Sanchez let's build the team around him. We already signed to 3 year ext.

New York signed Sanchez to a three-year extension on March 10.

One site that covers the Jets closely says this trade is a sign the Jets have no plan behind their player personnel.

This move really does not make a ton of sense on any number of levels, but the most disturbing part of it is how it displays the Jets really do not have any sort of structured plan on building their franchise.

They hire Tony Sparano to try and go ground and pound. They give their quarterback, whose value is diminished by Sparano's philosophy, one of the richest contracts in the sport and decide to commit to him for two years. Now they trade for another quarterback for whom a large segment of the fan base and media will be calling to start immediately.

[ Photos: Tim Tebow traded from Broncos to the Jets ]

One thing Tebow will do is bring plenty of interest to a team that needs to pay for the New Meadowlands. A quarterback controversy that involves one of the most divisive players in the league may not help win games, but it will sell tickets.

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