As the Kansas City Chiefs wait to sign their first round pick, the Broncos signed one of theirs. Denver agreed to terms with QB Tim Tebow on a five-year, $11.25 million contract with $8.7 million guaranteed.
His deal is an 18.5 percent increase over the contract last year’s No. 25 pick, Miami Dolphins cornerback Vontae Davis, signed.
The two-time national champion from Florida and 25th pick in the NFL draft missed the first three workouts for rookies and selected veterans while his agent, Jimmy Sexton, and general manager Brian Xanders hammered out a deal.
Tebow is expected to practice Friday morning, the final session before training camp begins in earnest Sunday with a full squad in full pads.
Tebow might not be ready to make a big impact as a rookie because he faces a big adjustment as he morphs from combination college quarterback to prototypical pro passer. Still, many consider him the best college player ever and he’s creating the kind of buzz in the Rockies that John Elway did back in 1983.
His jersey already is a best-seller, he’s pitching products for Jockey, EA Sports and Nike. And he’s sure to be under a microscope from the second he steps on the practice field, whenever that may be.
And he will be hated in Kansas City for as long as he resides in Denver. Just how much? Well, our friend Joel at Arrowhead Pride tweeted that the 18.5% slot increase in this contract was a “Tebow Premium”. I think it’s fair to say that the hatred for Denver’s newest quarterback will also be a “Tebow Premium”.