Updated with further details of the compensation at 1:40 p.m.

Tim Tebow is going to New York.

The Denver Broncos traded the quarterback, who became expendable when they signed Peyton Manning, to the Jets for a fourth- and a sixth-round pick Wednesday. In addition to Tebow, the Jets get a seventh-round pick in the deal, which was first reported by Fox Sports.

Manning received a five-year, $96 million contract from the Broncos and team vice president John Elway was determined to trade Tebow. Although Tebow led the Broncos to the playoffs, Elway never warmed to Tebow’s playing style, committing to him only as the training camp starter. When Manning became available, Elway jumped; when he landed Manning, he just as determinedly committed to trading Tebow.

(Julio Cortez / AP) With Mark Sanchez the incumbent and at times embattled starter despite his three-year contract extension, the Jets are likely to experiment with Tebow at other positions, including running the Wildcat. One thing is certain: Tebow made an impression on the Jets, leading the Broncos on a 95-yard drive for a 17-13 victory last November. The game-winner? A 20-yard touchdown drive by Tebow with 58 seconds left.

Jets management enthusiastically jumped into the bidding for Tebow and now has a quarterback who brings fire to an offense. This wouldn’t be the Jets, though, without at least one player who wasn’t on board with the arrival of Tebowmania.

“We don't need Tebow. We sell out every home game let him go to Jacksonville Tampa or Miami,” Antonio Cromartie tweeted. “Our wildcat offense can b ran by J. Kerley or Joe McKnight we straight.”

Cromartie took some heat from Jets fans and responded. “Look everyone is mad about what I said but u will b okay,” he tweeted. “I have faith in the guys that we have in the locker room right now that I will get it done this year.”

More from Washington Post Sports

Peyton Manning makes his pick

Elway commits to Tebow...as far as training camp

Credit John 3:16, John Elway and John Fox

The real Tebow: ‘Everything you see is true’

Elway to Tebow: ‘Just pull the trigger’

Tebow on a roll: No shortage of belief or miracles

Jaguars, Jets, Packers among those kicking the tires on Tebow