If he can competently back up TE (a tall order), it's pretty valuable to have him as punt protector. I watched closely that Jets season. Two things were true:

1. Most teams left their starters in for punt returns in short yardage situations. So they had to prep during the week for punts.
2. Tebow batted 1000 on fake punts (direct snaps). I can't remember the number, but I think he was 8-for-8 that season on picking up the first down in fourth down situations.

You would have heard it from the rafters if he wasn't getting those first downs.

The question is, how high a price do you have to pay (roster wise) to get out of him the things he is great at. He's always had the moves of a bodybuilder when running routes, etc. (not a compliment).

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