(Englewood, CO) -- The Denver Broncos have agreed to terms on a deal with quarterback Tim Tebow . The Broncos selected Tebow out of Florida in the first round of this year's NFL Draft. Tebow passed for 9,285 yards and 88 touchdowns in his four seasons with the Gators. He also rushed for 2,947 yards and 57 scores. Tebow took home the Heisman Trophy in 2007. Tebow will likely be listed third on Denver's depth chart behind starter Kyle Orton and backup Brady Quinn.