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Broncos Sign First Round Pick QB Tim Tebow to a Five-Year Deal

Tim Tebow agreed to a contract with the Broncos on Thursday. The deal for the 25th overall draft pick is for five years with $8.7 million guaranteed and worth a maximum value of $33 million, according to The Broncos began workouts with other rookies on Wednesday, but Tebow missed the first few practices while the sides hammered out a deal. Head coach Josh McDaniels had said earlier on Thursday that negotiations with Tebow’s agent, Jimmy Sexton, were “not contentious.” Tebow will now enter a camp and compete with Kyle Orton and Brady Quinn for snaps in the Broncos camp. He is expected to be on the field when the team begins full-squad workouts on Saturday.

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