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Sources: Tebow signs 5-year deal

Updated: July 29, 2010, 11:28 PM ET
ESPN.com news services

Tim Tebow is a signed, sealed and delivered member of the Denver Broncos.

Tebow, the 25th-overall selection in April's draft, signed a five-year, $11.25 million contract with $8.7 million guaranteed, sources told ESPN.

According to the source, the contract's max value is $33 million.

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 ...

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