Patriots Sign Tim Tebow To A Two-Year Deal

Update:

ESPN’s Adam Schefter reports that Tim Tebow has signed a two-year deal with the Patriots, which includes no guaranteed money.

• Albert Breer reports that Tebow’s contract does include incentives in 2014 based on playing time.
• Breer adds that Tebow will make $630,000 in 2013 and $730,000 in 2014, which means he signed a two-year, $1.36 million deal.
• Mike Reiss  of ESPN Boston writes that “no one should be surprised” if Tim Tebow fails to make the Patriots’ final roster.

It’s by no means surprising that he received no guaranteed money in this deal. No one had showed any interest in signing him before New England approached him this last weekend.

The Pats can part ways with him without incurring a cap hit.

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ESPN’s Ed Werder is reporting that the New England Patriots will sign free agent QB Tim Tebow.

• Werder adds that Tebow is expected to report to minicamp on Tuesday.
• Ian Rapoport mentions that Tebow will continue to play quarterback for the Patriots.
• Albert Breer reports that the Pats discussed the idea of adding Tebow at the highest levels of the organization and ultimately determined that is was a worthwhile move.
• Breer adds that Tebow’s contract is a “low-money deal.“
• Mike Freeman reports that Tebow is expected to “study a great deal at tight end.“
• Chris Mortensen tweets that Tebow will be the team’s No. 3 quarterback, which should allow him to focus on the developing his game.

This move will reunite Tebow will OC Josh McDaniels who drafted him in the first-round of the 2010 draft.

Since being released by the Jets, Tebow has generated no reported interest, but Rapoport adds that this deal came together rather quickly in the past 24 hours.

New England parted ways with Mike Kafka on Monday to make room for Tebow.