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Text SizePrintE-mailReprints By Associated Press, APENGLEWOOD, Colo. — The Denver Broncos spent almost all of Wednesday finalizing the Tim Tebow trade so they could turn their attention to which free agents might want to join Peyton Manning in Denver.
After a false start, they landed a couple of higher picks in next month’s draft, a fourth- and a sixth-rounder from the New York Jets in exchange for Tebow and a 2012 seventh-rounder.
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( The Denver Post, John Leyba / Associated Press ) - Newly-signed Denver Broncos quarterback Peyton Manning holds up a jersey during an NFL football news conference at the team’s headquarters in Englewood, Colo., on Tuesday, March 20, 2012.
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.
The Jets got the quarterback who helped turned the Broncos from an afterthought to a playoff team last season and became the NFL’s most-talked about player. He was deemed expendable in Denver when the Broncos landed Manning, the most prized free agent in league history.
“As a former player, I know the last two weeks were not easy for Tim,” Broncos executive John Elway said in a statement. “He was put in a difficult situation, and I commend him for how he handled it with the same first-class manner he displayed throughout his career in Denver.”
While the Broncos were trying to work things out on the Tebow trade, they lost free agent defensive tackle Brodrick Bunkley to the New Orleans Saints. They had been optimistic they could keep the big run-stuffer in Denver.
Bunkley’s departure notwithstanding, the Broncos trust Manning’s arrival will make Denver a more attractive destination for free agents.
“Obviously, the expectation level is going to go up but that is where we want it to be, too,” Elway said Tuesday. “Like Peyton said, he has a lot of work to do and we have a lot of work to do as a football team. As a personnel department, we have a lot of work to do.”
Even though Tebow led the Broncos to the playoffs last season, Elway believed Manning gave the team a better chance of winning a championship now. To do that, Manning will have to be the Manning of old after missing all of 2011 following a series of neck surgeries, and the Broncos will have to improve at many other positions.
Elway and Fox called Tebow on Monday night to tell him he was going on the trading block. Elway said he wanted to do right by the enormously popular Tebow, who took over a 1-4 team and led the Broncos to the AFC West title and a playoff win over Pittsburgh.
Although the unorthodox QB energized the Broncos with a series of fourth-quarter comebacks last season, Tebow’s messy mechanics and flawed footwork resulted in a completion percentage of just 46.5 percent, 34th in the 32-team league. It was even worse — 40 percent — in the playoffs.
The Broncos changed their offense midseason to fit his unique skill set, dusting off the college-style option, and it revitalized them as they soared to the top of the NFL rushing charts. But their passing game regressed.
Fox said the Broncos will add another quarterback either in free agency or the draft, where they now have seven selections. Two veteran possibilities to back up Manning are former Colorado State and Chicago Bears QB Caleb Hanie and 13th-year pro Billy Volek, who has spent the last several seasons in San Diego.
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