Tim Tebow Signs Deal With Denver Broncos

July 30, 2010- By Jonathan Lowell

Tim Tebow became an official member of the Denver Broncos by signing the deal offered by the team before this weekend’s camp. The former Heisman Trophy winner will have an uphill climb towards the starting quarterback position on the Broncos. 2010 NFL betting trends are beginning to favor the Broncos as they move closer to having all their rookies signed and in camp.

While playing for the University of Florida, Tebow became something of a college football legend. His dominance on the field, and character off, was enough justification for the Broncos to select him as the 25th overall pick in the first round of the 2010 NFL draft.

The first contract for Tebow in the league is worth $8.7 million in guaranteed money. Initial reports have the contract worth $11.25 million, but a source confirmed that its max value is $33 million. The five-year deal will keep the versatile quarterback in Denver through the 2014 season.

NFL player agent Jimmy Sexton and Broncos general manager were rushing to get a deal done so that Tebow could report to camp. The two-time national champion had already missed three days of workouts for rookies and selected veterans. Tebow is expected to participate in full practice Friday.

Sunday marks the first practice with the full squad in pads. Demaryius Thomas, selected three spots ahead of Tebow, is the last of the Broncos’ draft picks to sign a deal. Denver selected Thomas as the 22nd overall pick in the first round, and expect to have him signed before he misses too much camp.

Thomas is widely considered the most interesting prospect in the NFL since Michael Vick. The former Georgia Tech standout was the primary target for Josh Nesbitt when Paul Johnson’s triple-option offense called a pass play.

This week’s practices were meant to acclimate rookies and veterans that suffered injuries last season to the playbook. Coach Josh McDaniels is happy about being one step closer to having his entire roster in camp. The Broncos’ Super Bowl XLV line should increase in favorability if all players report by the weekend.

“It’s just an opportunity to feel better about playing faster,” McDaniels said. “And I think whether you’re a rookie quarterback or an injured player, it makes sense to come in and try to start crawling before you walk and walking before you run — because certainly none of them are going to hit the ground running because they’re behind.”

Kyle Orton continues to be the projected starter ahead of camp, but the team hasn’t made a long-term commitment to any player. Orton signed a $2.621 million dollar tender as a restricted free agent that allowed him to report to camp on time.

Also battling for the starting job will be Brady Quinn, who was acquired from the Cleveland Browns in the offseason. The projected starter for their Week 1 match up with the Jacksonville Jaguars is still Orton. Early 2010 NFL betting odds for the game have the Jaguars favored by 1 1/2 points.

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