Update 2: After all that...Tebow is in fact a NY Jet, Adam Schefter is reporting.

UPDATE: So apparently the Jets didn't bother to read Tebow's contract first and that they owe $5 million in salary. Now they're trying to get out of the deal since that's quite a lot of money to pay a backup QB (unless you're Dallas). Oh my. And people make fun of the Redskins for being dysfunctional.

Tebow is a Jet. Oh man, the Jets fans' reactions are quite hilarious. It reminds me a bit when McNabb was benched for Grossman and we all freaked out. Broncos get a 4th and a 6th round pick in exchange for Tebow and a 7th.

As for BountyGate, wow, Goodell brought the sledgehammer. Via SB Nation...

According to multiple reports, Saints head coach Sean Payton will be suspended for one full year for his role in the scandal, GM Mickey Loomis has been suspended eight games and issued a $500,000 fine and the Saints organization itself has been fined $500,000 and stripped of second round picks in the 2012 and 2013 NFL draft. Gregg Williams, former Saints defensive coordinator who is now with the St. Louis Rams, has been suspended indefinitely. Joe Vitt, assistant head coach, has been suspended six games without pay.

Payton's suspension begins April 1.

The player penalties for the Saints have yet to be given out. I guess the Rams will be shopping for a new Defensive Coordinator. Where's Greg Blache at these days?