On March 20, 2012, the Broncos and quarterback Peyton Manning reached an agreement on a 5-year contract worth $96 million. The following day, the Broncos traded Tim Tebow and a seventh-round draft selection to the New York Jets in exchange for fourth- and sixth-round draft selections. Shortly after acquiring Manning, the Broncos also signed tight ends Joel Dreessen and Jacob Tamme, as well as former Cleveland Browns’ safety Mike Adams.