The team said Wednesday it has acquired the polarizing quarterback from the Broncos. Denver general manager Brian Xanders says the Broncos will receive fourth- and sixth-round draft picks, while New York gets a seventh-rounder — all in 2012.
Denver started shopping Tebow after signing Peyton Manning. Tebow is expected to complement starter Mark Sanchez, who received a $40.5 million contract extension, with $20.5 million guaranteed, earlier this month. The Jets also had pursued Manning.
Tebow led the Broncos to the playoffs last season — along the way beating Sanchez and the Jets, who missed the postseason. But Denver executive John Elway believed Manning gave the team a better chance at winning a championship now.