Last night, the Denver Broncos officially traded quarterback Tim Tebow to the New York Jets. Tebow's hometown team, the Jacksonville Jaguars, were also in the running to acquire the former Heisman Trophy winner, despite using their 2011 first round pick on quarterback Blaine Gabbert and signing veteran quarterback Chad Henne to a multi-year contract that included over $4 million in 2012 compensation last week.
After not acquiring Tebow, new Jaguars owner Shad Khan released the following statement:
"Earlier this week I asked (General Manager) Gene Smith and his staff to explore the potential of acquiring Tim Tebow. I think we have a duty to consider all avenues of improving the Jaguars on and off the field, especially given the unique circumstances involving the player.
"I appreciate the high level of due diligence Gene and his staff dedicated to this matter, even as late as this evening, and I am very satisfied with the outcome. Our commitment to developing Blaine Gabbert was, and still is, central to our goal of returning the Jaguars to elite status in the NFL. We’re looking ahead with zero regrets."