The Denver Broncos and representatives for quarterback Tim Tebow are working "feverishly" to complete contract negotiations, according to sources close to the discussions.
According to one source, progress has been made and the deal should happen in the next 24 to 48 hours.
Broncos head coach Josh McDaniels called Tebow when the quarterback failed to sign in time for the official beginning of training camp, which began with a meeting Wednesday morning.
The full team doesn't take the field until Sunday but quarterbacks Kyle Orton and Brady Quinn are participating. McDaniels reminded Tebow that he is losing repetitions that he can never regain and needs them more than the veteran players against whom he will be competing.
Cowboys wide receiver Dez Bryant, who has signed and is in camp, was picked immediately before Tebow. While that has helped create contract parameters, Tebow's agent, Jimmy Sexton, is believed to be seeking the customary quarterback premium that would pay his client more than a player taken before him.
Tebow was the second quarterback drafted and is apparently seeking more guaranteed money in a signing bonus.
Ed Werder is a reporter for ESPN.