UPDATED: Monday, April 23, 2012 - 4:40pm
Sources  are reporting Tim Tebow to the New York Jets has been put on hold.
The snag is allegedly due to the Broncos asking for $5 million added to the trade over the next 3 years.
Denver — Reports have surfaced that Tim Tebow will be traded to the New York Jets.
According to ESPN.com , the Broncos will receive a 4th adn 6th round pick for the Denver quarterback.
Tebow is expected to be the backup quarterback to Mark Sanchez.