Quarterback Tim Tebow has been traded to the New York Jets from the Denver Broncos for a fourth-round draft pick, FOXSports.com reported Wednesday.
Fresh off signing prized free agent Peyton Manning to a five-year deal on Tuesday, Denver sought to part ways with the unconventional signal caller who led the Broncos on an improbable run to the AFC West title and a playoff victory last season.
Tebow -- who reportedly sought a return to Florida, where he won the Heisman Trophy as the quarterback of the Florida Gators -- was seen as a viable option in New York due to new Jets offensive coordinator Tony Sparano's interest in utilizing Wildcat formations that mesh with Tebow's skill sets.
The trade gives New York coach Rex Ryan a fourth quarterback option behind Mark Sanchez, Drew Stanton and Greg McElroy. Sanchez, meanwhile, recently received a three-year contract extension.