Tebow Agrees To Contract Worth $11.25 Million

Tebow agrees to long term contract, will now report to training camp.

  • Live
4 Total Updates since July 27, 2010
  • Important 2
  • Updates 4
  • All Updates 4

Tebow Agrees To 5-Year Deal Worth $11.25 Million

Tim Tebow has finally signed a contract, officially becoming a member of the Denver Broncos organization. Tebow had not yet reported to camp, claiming he wanted a "position bonus" over higher pick and Dallas WR Dez Bryant, who signed a five year deal last week worth only $11.8 million, $8.5 million of that guaranteed. The holdout proved worthwhile as Tebow finally agreed to a five-year deal worth $11.25 million, but could reach as high as $33 million with incentives and bonuses.

He will now report to training camp, leaving fellow first round pick Demaryius Thomas as the only unsigned player. Thomas is also making progress towards a contract and talks are expected to conclude by the end of the day.

For reaction, visit Mile High Report.

Continue

Tim Tebow And The Denver Broncos Are Working 'Feverishly' Toward Contract

The Denver Broncos and first-round pick Tim Tebow are working “feverishly” to complete contract negotiations, according to ESPN’s sources.

According to one source, progress has been made and the deal should happen in the next 24 to 48 hours.

The hang up seemingly involves Tebow asking for more money than Dez Bryant, the Dallas Cowboys’ wide receiver picked right in front of him.

Tebow’s agent, Jimmy Sexton, is believed to be seeking the customary quarterback premium that would pay his client more than a player taken before him.

Tebow was the second quarterback drafted and is apparently seeking more guaranteed money in a signing bonus.

The Broncos opened up training camp Wednesday morning with both Kyle Orton and Brady Quinn, Tebow’s quarterback competition, participating.

ESPN reports that Broncos’ head coach Josh McDaniels reminded Tebow that he is losing repetitions that he can never regain and needs them more than the veteran players against whom he will be competing.

Continue
X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join SB Nation Denver

You must be a member of SB Nation Denver to participate.

We have our own Community Guidelines at SB Nation Denver. You should read them.

Join SB Nation Denver

You must be a member of SB Nation Denver to participate.

We have our own Community Guidelines at SB Nation Denver. You should read them.

Spinner

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.