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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.