Less than 24 hours after Peyton Manning was introduced as the new quarterback of the Broncos, Tim Tebow has a new home.

The Jets have acquired Tebow for a fourth-round draft pick from Denver, according to Jay Glazer of FOX Sports.

New York was originally in the running to sign Peyton Manning. Now, they've traded for the player Manning replaced.

After Denver signed Manning, several teams were reportedly interested in trading for Tebow. The Packers and 49ers were said to have interest.

Many people thought Tebow would land with either the Dolphins or Jaguars. Both teams play in Florida, where Tebow played college football. A report came out Tuesday saying the quarterback prefered being traded somewhere in the South.

Tebow will backup Mark Sanchez, who signed a contract extension with New York shortly after Manning was released.

New York will likely utilize Tebow's athleticism in their Wildcat offense. Tony Sparano, the Jets new offensive coordinator, used the Wildcat often when he was the head coach of the Dolphins.