Per an Adam Schefter Tweet, the Jaguars are looking like Tim Tebow's new destination.
The Rams are out of the picture and apparently never made a serious offer. The Jets, having balked at the trade despite announcing it on their own website, because of a $5 Million advance payment that was to be returned to the Broncos. Denver had paid the advance towards Tebow's 2012 Salary compensation and since he won't be playing in the Mile High city, should consequently have their money returned. The terms are stated in the contract and what's more, the Jets failed to read the fine print and are reneging on the deal. The hilarious part is, there are Tebow Jets jerseys already on sale. How embarrassing.
Meanwhile, the Jacksonville Jaguars have gotten back in the picture. Word has it that they have no problem with the $5 Million figure. So it looks like things will become amenable to all parties involved. Tebow will get to go home as he has stated, Jags owner Shahid Khan gets the billboard player he covets, the Jets get off the hook for their stupidity and the Broncos get to remain a classy franchise by taking care of a classy kid.
It's not over yet, but if these actions continue, everyone can relax and get on with their lives.