NFL Odds: The Golden Boy Tim Tebow Signs with Broncos

Tim Tebow is a officially a Bronco. (AP Images)

The savior of football has made it official. Tim Tebow, who already has a big contract with Hanes Jockey underwear, has signed a five-year deal with the Denver Broncos. The deal is worth $11.25 million contract with $8.7 million guaranteed, sources told ESPN NFL Insider Adam Schefter.

If Tebow hits all the incentives in the deal he could grab $33 million.

Tebow should be in full pads tossing footballs at the Broncos' Friday practice. The Broncos' other first-round pick Demaryius Thomas, a wide receiver out of Georgia Tech, is the only Denver draftee still unsigned.

Although Tebow was as star in college at Florida, it remains to be seen if he can adjust to the NFL. As a Gator Tebow played mostly out of the shotgun and was a better at the option than throwing the deep post.

Tebow will likely start camp at third string.

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