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.

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