Tim Tebow Signs 5-year Deal with Broncos

Tim Tebow signed a 5-year deal worth $11.25 million with the Denver Broncos today. The contract has $8.7 million guaranteed and the possibility for him to make as much as $33 million. He will have to complete numerous incentives to receive $33 million. As NBC points out...

"Tebow's incentives are broken down into playing time and performance escalators. If Tebow can reach every playing time trigger and become the consistent starting quarterback (possibly soon), he could make up to $24 million over five years.

Another $9 million is tied up in escalators for difficult goals like Pro Bowls, playoff wins, and Super Bowl appearances."

It will be extremely difficult for him to reach all the incentives, as one NFL person pointed out Tebow will "have to make Peyton Manning look like a fool." Tebow held a press conference immediately after signing the contract to announce he would be building churches and buying more Super Bowl commercial air time with some of his guaranteed money. He was also glad to get the contract situation figured out so that he would have more time to convert Amar'e Stoudemire to Baptist before he joined, as he called it, "the devil's religion".

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