Hope he invests his money wisely, because I don't see any more money coming in from the NFL. Maybe he has a couple of Body Armor contracts along w/ Gatorade to add to the portfolio - and his book. But this will be a Tony Mandarich type of story that we look back on - hopefully he'll make something out of his life after football. I don't think he'll have a problem.
Notice that he's got playing-time incentives. So Fox may sit him to save the organization money.
Details show Tim Tebow's contract worth $9.7 million
The Denver Post
Posted: 08/03/2010 09:34:32 AM MDThttp://www.denverpost.com/breakingnews/ci_15667056
The contract details on Broncos rookie quarterback Tim Tebow show his five-year deal really is worth $9.7125 million, not the $11.25 million the industry reports, according to a union source.
The difference is a one-time playing time bonus of $1.5375 million that the Players Association counts because it's "easy to earn." Almost all first rounders hit the one-time playing bonus, but Jarvis Moss and Brady Quinn from the 2007 draft are among those who have yet to hit their one-timers.
Tebow will be well on his way to his first NFL million on Friday, when the Broncos pay him a $975,000 advance, which essentially will be counted as a signing bonus for prorated salary cap reasons.
Some details on the Tebow
Broncos rookie quarterback QB Tim Tebow warms up before the afternoon practice on Monday. (THE DENVER POST | JOHN LEYBA)deal:
2010: $1.295 million (fully guaranteed)
2011: $1.618.75 million (fully guaranteed)
2012: $1.942.5 million (fully guaranteed)
2013: $2.266.75 million (fully guaranteed)
2014: $2.590.5 million ($567,500 guaranteed)
$975,000 on Friday (salary reduced to $325,000)
$6.275 million due 29 days after start of 2011 league year. Typically season starts March 1, but it's written this way in case work stoppage delays start of season. (Salaries from 2011-14 reduced to offset advance)
One-time playing time bonus (contractually considered likely to be earned)
Tebow collects $1.537.5 million if he plays 35 percent of the offensive snaps in 2010, or 45 percent of the snaps in any of the seasons 2011-14. The bonus rolls over from year to year until Tebow reaches the playing-time threshold, and expires the first time he hits it.
Mid-tier incentives (Contractually considered unlikely to earn)
Value of Tebow's contract doubles from $11.25 million (including one-time playing time bonus) to $22.5 million if he reaches multiple thresholds, including:
55 percent playing time in two of his first three seasons, 2010-12, or 70 percent playing time in 2013.
The Broncos make the playoffs, he reaches certain QB ranking thresholds, and receives unspecified honors.
Max value (contractually considered unlikely to earn)
The total value of Tebow's contract can escalate to $33 million if the Broncos reach the playoffs multiple times in his first four years, he has multiple top 5 QB rankings, and he has multiple league honors such as NFL MVP and Super Bowl MVP.