Tim Tebow is coming to New York. Really.
After a big false start, the New York Jets on Wednesday got the quarterback who turned the Denver Broncos from an also-ran into a playoff team last season and became the NFL's most talked-about player — for a fourth- and six-round draft pick.
Eight hours after initially agreeing to a deal, the teams completed the trade that was hung up earlier Wednesday when the Jets apparently balked at repaying Denver more than $5 million for a salary advance due Tebow. ESPN reported that the two sides had agreed to split that cost.
As part of Tebow's $11.25 million, five-year contract he signed as a rookie in 2010, he had a $6.277 million advance due 29 days after the start of the 2011 league year. That money was paid to him in August after the NFL lockout ended.
Tebow, who became expendable when the Broncos signed Peyton Manning to a five-year deal Tuesday, would be expected to complement Mark Sanchez, who received a $40.5 million contract extension, with $20.5 million guaranteed, earlier this month.
Former New York Giants cornerback Aaron Ross has agreed to a three-year contract with the Jacksonville Jaguars, giving the team added depth in the secondary.
The deal could be worth up to $15.3 million, an investment that indicates Ross will compete with veteran Rashean Mathis for a starting spot.
The Washington Redskins said Wednesday that Rex Grossman has signed his one-year contract to return to the team.
Quarterback Alex Smith signed a three-year deal Wednesday with the San Francisco 49ers that will pay him $8 million per season with $16.5 million guaranteed.
A person familiar with the negotiations says former Patriots running back BenJarvus Green-Ellis has agreed to a deal with the Cincinnati Bengals, who need someone to replace Cedric Benson.
Green-Ellis spent four seasons with New England, carrying 181 times for 667 yards in 2011 with 11 touchdowns.