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Tim Tebow has been traded to the New York Jets by the Denver Broncos. The news comes just one day after Peyton Manning signed with the Denver Broncos.

Fox Sports NFL insider Jay Glazer broke the story on Wednesday on Twitter. The Jets traded their fourth- and sixth-round drafts picks in exchange for the young, polarizing quarterback from the University of Florida.

The proposed deal brings into question Mark Sanchez's role as the team's starting quarterback. The Jets extended his contract less than two weeks ago, quelling rumors that the front office was looking to can the inconsistent Sanchez in favor of Manning. But with Tebow coming to town, talk of a New York quarterback controversy have been renewed.

Some analysts actually see the two field generals coexisting. Tebow excels at running the ball and could be utilized in Tony Sparano's wildcat formations.