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
deal:
Base salary
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)
Advance/Signing bonus
$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)