QB Tim Tebow, Broncos agree on five-year deal

By Adam Silverstein
July 29, 2010

After missing the first two days of rookie camp while trying to reach an agreement on his initial contract, former Florida Gators quarterback Tim Tebow signed a five-year, $11.25 million deal with the Denver Broncos on Thursday.

The Broncos, who selected Tebow with the No. 25 overall pick in the first round of the 2010 NFL Draft, have guaranteed the signal caller $8.7 million – $400,000 more than wide receiver Dez Bryant, the No. 24 overall pick, received. The fifth first-round pick to sign, he will report to rookie camp Friday.

Tebow’s contract has a maximum value of $33 million, a figure he can reach if he hits a number of incentives and escalators, many of which may be unlikely to attain. Escalator categories can include playing time, starting snaps, statistics, league awards, etc.

Agent Jimmy Sexton was successful in his attempt to get Tebow more in guaranteed money than Bryant and an 18.5 percent raise over the No. 25 pick in 2009.

Only two former Florida players – cornerback Joe Haden (Cleveland) and center/guard Maurkice Pouncey (Pittsburgh) – remain unsigned by their respective clubs.

Photo Credit: Ed Andrieski/Associated Press

6 Comments

  1. dp says:

    Congrats Tim! Good things happen to great people…now go and prove all of the haters wrong!

  2. G8R8U2 says:

    Glad he got it done when he did… he didn’t end up missing much of his first camp. Congrats to Tim, and I hope he proves that McDaniels made a wise decision.

  3. Gatorbuc15 says:

    SUPERMAN!!

    ALRIGHT TIM! Prove the haters wrong.

  4. Amanda says:

    I have not been this excited for an NFL season in a long time! Congrats Timmy!

  5. O-town Gator says:

    I’m with the consensus. Glad he was able to sign before the deadline; now I hope he can make all the nay-sayers and haters shut their pie holes once and for all.

  6. Lori says:

    Tim I’m looking forward to see u play in the NFL. It should be a really good year.. Congrats!!!!!!!

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