Tebow has signed with Denver.
$8.7m guaranteed, with a max of $33m with what are called difficult-to-reach incentives.
DenverPost
$8.7m guaranteed, with a max of $33m with what are called difficult-to-reach incentives.
DenverPost
Tebow, Broncos agree to 5-year deal worth $11.25 million
After rookies began reporting to training camp a day earlier, the Broncos on Thursday agreed to contract terms with quarterback Tim Tebow, their highly-anticipated first-round draft pick.
Tebow, the 25th pick in the NFL draft, will get a five-year contract worth $11.25 million, according to two NFL sources. The money is less than the $11.8 million total value Cowboys receiver Dez Bryant got as the No. 24 overall pick.
Tebow's guarantee will be $8.7 million, higher than the $8.3 million guarantee Bryant received. The difference is due to Tebow getting a quarterback premium, bumping him a few more guaranteed dollars higher than Bryant.
Tebow's contract has a max value of $33 million, but that includes difficult-to-reach incentives.
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