NBC Sports reports that the Jets gave up a fourth-round draft pick for Tebow, who will now be nipping at starting QB Mark Sanchez's Achilles heel.
General manager Mickey Loomis has been suspended for eight games; head coach Sean Payton received a year-long suspension; and former defensive coordinator Gregg William, the program's mastermind, is suspended indefinitely.
Additionally, the Saints will pay a $500,000 fine, and lose their second round draft pick for the next two years.
The new Tebowing is... Manning?
ESPN is reporting that Peyton Manning -- newly released from the Indianapolis Colts -- is engaged in "intensified contract negotiations" with the Denver Broncos to replace Tim Tebow as the team's quarterback.
According to ESPN's sources, the Broncos will attempt to trade Tebow once the deal with Manning is finalized, which only an "unforeseen significant obstacle" would prevent at this point.