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Payton suspended for One Year, Tebow finally traded to Jets

Sports

POSTED: Wednesday, March 21, 2012 - 1:40pm

UPDATED: Thursday, March 22, 2012 - 4:50pm

The NFL has suspended New Orleans Saints head coach Sean Payton for the 2012 season because of his team's bounty program.

NFL commissioner Roger Goodell suspended Payton without pay...and banned former Defensive Coordinator Gregg Williams from the league indefinitely. The Saints are also being fined $500,000 and must forfeit second round draft picks this year and in 2013.

Saints General Manager Mickey Loomis was also suspended for the first eight regular-season games in 2012. and Assistant Coach Joe Vitt has to sit out the first six games.

The on-again, off-again, Tim Tebow trade is apparently back on. The Denver Broncos and the Jets have met half-way to resolve the five million dollar difference that held up today's (Wednesday) big news-making trade of Tim Tebow.

The Broncos will send Tebow to the Jets along with a 7th round pick and in return receive the Jets 4th & 6th round picks in this year's draft. That part of the language of the trade never changed.

The snag that held up the trade for much of the day was five million in advance money the Broncos had put in Tebow's contract when they signed him.

Apparently the Jets did not notice the advance money until being alerted by the NFL. Now the Jets have agreed to pay half of the advance, which amounts to $2.5 million.

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