Update, 9:55 p.m.
And Tim Tebow is now officially a Jet, ESPN reports.
Update, 5:57 p.m.
Though the news spread this afternoon that Broncos quarterback Tim Tebow was traded to the Jets, apparently the deal's not done yet, the Huffington Post reports:
Citing anonymous sources, ESPN said Wednesday that provisions in the quarterback's contract are causing complications in the completion of the trade. ESPN says Tebow's contract has $5 million worth of "recapture language," which means the Jets would have to pay back some money to the Broncos.
Quarterback Tim Tebow, , is now a New York Jet, the Huffington Post reports.
Tebow was traded from the Denver Broncos after that team announced it had agreed to terms with sure-to-be Hall of Fame quarterback Peyton Manning, who was released from the Indianapolis Colts earlier this month.
Tebow , leading the Broncos to an unexpected playoff victory in overtime against the Pittsburgh Steelers in January.