Posted Thu Jul 29th by Ian Henson
As we speculated yesterday, Denver Broncos rookie Tim Tebow has signed with the club on this the second day of training camp for the Broncos rookies.
ESPN’s Adam Schefter is reporting via twitter that the deal is worth $33 million with $8.7 million guaranteed. Original speculation around these parts was $12 million total, which is close to the actual $11.25 million that Tebow will receive if he does not hit any of the escalators in his contract. His contract is worth $33 million if he hits all of those escalators.
If all goes well we should see Tebow on the field Friday morning for the Broncos third day of rookie training camp.
The signing of Tebow leaves only one Broncos rookie unsigned, wide receiver Demaryius Thomas. Given the Broncos current track record expect Thomas to be signed by either late tonight or sometime tomorrow during the day on Friday.
Fox31’s Josina Anderson tweeted that Broncos head coach Josh McDaniels was adamant that the Broncos themselves break the news of Tebow signing. Thus first word coming directly from the Broncos (and then us or Mike Lombardi as the NFL Network liked to say).
With Tebow under contract, Thomas soon under contract, Eric Decker, Eddie Royal and young Kenny McKinley in the fold for the Broncos; the future may be here now. For better or worse…
Press Release after the jump.
ENGLEWOOD, Colo. — The Denver Broncos on Thursday agreed to terms with quarterback Tim Tebow, whom they selected in the first round (25th overall) of the 2010 NFL Draft from the University of Florida. As per club policy, terms of the deal were not disclosed.
Tebow (6-foot-3, 245 pounds) was a finalist for the Heisman Trophy for three consecutive seasons (won the award in 2007) and was part of two national championship teams (2006, ’08) as he compiled a 35-6 record as a starter for the Gators.
He set Southeastern Conference career records for total offense (12,232 yds.) and rushing touchdowns (57) while setting an NCAA standard with a 170.8 career passing efficiency (661-995, 9,285 yds., 88 TDs, 16 INTs).
A Parade All-American at Nease High School in Jacksonville, Fla., Tebow was born on Aug. 14, 1987, in Makati City, Philippines.