Aaron Wilson ‏@RavensInsider 31m
Rex Ryan statement: 'We have a great deal of respect for Tim Tebow. Things did not work out the way we all had hoped.'
Rex Ryan: 'Tim is an extremely hard worker, evident by the shape he came back in this offseason. We wish him the best moving forward.'
Ian Rapoport ‏@RapSheet 23m
Kind words by Rex Ryan on Tebow. Actions speak louder. Jets hurt his chances of catching on by releasing him post-free agency, post-draft
Andrew Brandt ‏@adbrandt 30m
As per Tebow's contract w/Denver, there was a salary advance guarantee of $5.06M; the way 1st round deals structured in prior CBA.
As per trade negotiations, Jets agreed to pay half of advance-$2.53M-to Broncos over 2012/2013. Paid $1M last yr, still owe $1.53M.
Thus, though Tebow is gone, Jets will pay Broncos -- as per 2012 trade -- $1.53M in weekly installments through the 2013 season.
Cap hit for Jets on Tebow will be the $1.531 million they are paying to the Broncos as per the terms of the trade last year.
Tebow has played three years, thus not vested, thus will go through waivers. Has two years remaining on 5-year rookie deal.
mark schlereth ‏@markschlereth 33m
1) I understand that Tebow is not an NFL caliber QB but if they released him before Free Agency and he was willing to switch positions
2) maybe he'd be on someone's roster! Well the CFL starts camp next month so maybe go prove yourself there.
Albert Breer ‏@AlbertBreer 26m
Tebow will hit the waiver wire at 4 p.m. today. I'm sure if "the waiver wire" were a place, we'd have a reporter, crew and live truck there.