Tagged: Denver Broncos

Big upgrades for the Broncos this season: First Peyton Manning, and now the paper playbook. The iPad has been brought in to replace old school papyrus.

The Denver Broncos have traded quarterback Tim Tebow to the New York Jets in exchange for a fourth-round and a sixth-round draft pick, Newsday is reporting.

Tebow became redundant in Denver after the team signed Peyton Manning to a five-year, $96 million contract. Newsday adds:

Peyton Manning's $96 million, five year contract has Denver fans excited, though many are sad to see Tim Tebow pushed aside.

Update at 3:35 p.m. ET: It's official. Peyton Manning is indeed joining the Denver Broncos. He's talking with reporters in Denver right now.

Our Original Post:

"And they have a deal," The Denver Post reports. "An NFL source confirmed Tuesday morning the Broncos and quarterback Peyton Manning have agreed to a five-year, $96 million deal."

Peyton Manning, one of the two or three best quarterbacks in recent years and one of the greatest ever, is close to signing a contract to play for the NFL's Denver Broncos, according to multiple reports.

ESPN's Chris Mortensen and Adam Schefter say the deal is done "barring a snag during intensified contract negotiations" between the team and Manning's agent, Tom Condon. They cite "multiple sources."