The Broncos and Jets had to work out some differenced over contract language before the trade was made. In exchange for Tebow, the Jets sent the Denver team a fourth and sixth-round draft pick. New York also received a seventh-round pick from the Broncos as part of the deal.
Yahoo Sports reported that Broncos vice president of Operations John Elway issued a statement noting, that Tim Tebow deserves an enormous amount of credit for what he accomplished and how he carried himself during his time with the Broncos. From taking over a 1-4 team and leading it to the playoffs to energizing our fans and this community, Tim left an extraordinary mark on this organization. His time in Denver will always hold a special place in Broncos history.
Elway also said the last two weeks were not easy for Tebwo, who was put in a difficult situation.
I commend him for how he handled it with the same first-class manner he displayed throughout his career in Denver, Elway said. Our goal was to do the best thing for Tim and the Broncos, and I believe the opportunity that presented itself with the New York Jets accomplishes that objective. ... He has a bright future in this league, and I'm hopeful he will enjoy continued success with the Jets.
Following the trade, #TebowTakesManhattan began trending on Twitter. Here are some of the funniest responses.