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.
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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.