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Full Details of Tim Tebow’s Contract With New England Patriots

Stew Milne-USA Today Sports

Earlier in the week, the New England Patriots sent shock waves through the NFL by signing free agent quarterback Tim Tebow.

Now, the details of the contractual agreement in which Tebow signed on Tuesday morning, have leaked via a report from USA Today Sports. The report credits a source who remains anonymous, but goes into details on the agreement.

The base salary over the next two years allows him to make more money in 2014, upwards of around $2 million in fact, if he is on the field that is. With that being said, in order for Tebow to make that amount of money in 2014, he would probably need to play a different position other than quarterback.

Tebow will earn a base salary of $630,000 this season and it includes a “split” rate of $358,000 if he lands on injured reserve. Tebow’s 2014 base salary is $730,000, with a split rate of $398,000. However, in his contract it is described that if he is on the field for a certain percentage of the team’s plays, then he can earn close to that $2 million mark.

Tebow could potentially earn $500,000 if he participates in 60% of the plays in 2014, $1 million for 70% and even $1.5 million if he performs in 80% of the plays without the team reaching the playoffs or winning ten games. Tebow can earn the full $2 million in 2014 only if he’s on the field for 80% of the offensive snaps and the Patriots win ten games or make the postseason.

As it was noted earlier in the week, Tebow’s contract includes no guarantees, so financially it’s an easy risk for the Patriots’ organization. As you could anticipate with Tom Brady leading the charge, the only chance Tebow has of earning more money in 2014 is if he adapts and finds a niche that would allow him to be on the field for New England.

Obviously though, his main focus as of right now is simply making the Patriots’ roster for the 2013 season.

 

Follow Paul Seaver on Twitter: @PaulSeaverRS

 

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