Nike and Reebok settle Tebow-Jets jersey dispute

Sports apparel behemoths Reebok and Nike (NYSE: NKE) have reached a settlement in their fight over New York Jets merchandise featuring iconic quarterback Tim Tebow, formerly of the Denver Broncos and the Florida Gators.

To wit: Reebok has capitulated. According to The Wall Street Journal, "Reebok will recall New York Jets apparel featuring Mr. Tebow's name and number from its distribution system and agree to repurchase shipped Tebow Jets merchandise from retailers. Reebok also agreed not to manufacture, market, donate or advertise such merchandise."