Sports News of the Day

Tim Tebow is headed to New Jersey after being pushed out of Denver by Peyton Manning.

NBC Sports reports that the Jets gave up a fourth-round draft pick for Tebow, who will now be nipping at starting QB Mark Sanchez's Achilles heel.

In other football news, the NFL handed down sentencing today following the conclusion of its investigation into the New Orleans Saints' "bounty program."

General manager Mickey Loomis has been suspended for eight games; head coach Sean Payton received a year-long suspension; and former defensive coordinator Gregg William, the program's mastermind, is suspended indefinitely.

Additionally, the Saints will pay a $500,000 fine, and lose their second round draft pick for the next two years.

[nbcsports / usatoday / image: tmz.]