According to ESPN.com:
The rookie quarterback and the
Denver Broncos agreed on a five-year, $33 million contract with $8.7 million guaranteed Thursday, a source told NFL Network insider Michael Lombardi. The Broncos announced the deal with the 25th overall draft pick, but they didn't disclose the terms.
The major sticking point in negotiations, NFL Network's Scott Hanson reported, was the total guaranteed money. Tebow's agent, Jimmy Sexton, made it clear that he wanted more guaranteed money than
Dallas Cowboys wide receiver
Dez Bryant, the 24th overall pick, received in his deal last week, but there were conflicting numbers on that amount. In the end, a source told Hanson that Tebow's $8.7 million in guaranteed money is more than Bryant's reported $8.3 million.