The Patriots wrapped up possibly the most high profile signing of a back-up quarter-back in history on Tuesday when Tim Tebow put pen to paper on a two year contract.
While many are suggesting that Tebow is not worth the inevitable media circus, ESPN NFL Insider Adam Schefter is reporting that the deal actually looks like a pretty low risk investment from New England's point of view. Tebow will recieve a base salary of $630,000 with a full injury split if placed on injured reserve in 2013, which is is a straight veteran's minimum deal.
That will rise to $730,000 in 2014, when he will be offered a number of playing time based incentives. If he plays 60 percent of the Patriots games, he will be entitled to a $500,000 bonus, which increases incrementally to $2,000,000 for playing 80 percent of the games and reaching the playoffs or winning ten games.
Most of this is probably irrelevant though, as Tebow will only get near a starting position if Tom Brady is injured and he manages to leapfrog Ryan Mallett in the Pats' pecking order.