Tebow's one-year deal is for $660,000 and includes no offer for a bonus or guaranteed money, according to USA Today. He will be paid in weekly installments of $38,824 as long as he remains on the Eagles.
The Eagles would owe Tebow nothing other than stipends if they cut him before the season. He'll make $195 for each day of off-season workouts and $1,800 a week in training camp.
In contrast, Tebow was paid $8.45 million in guaranteed money under the terms of his rookie contract with the
Tebow, 27, is the fourth quarterback on the Eagles' roster behind