FOXBOROUGH, Mass. -- Tim Tebow said Tuesday it was "an honor" to be able to play for Bill Belichick and learn from Tom Brady, saying he expects his time with the New England Patriots "to be a lot of fun."

New Patriots QB Tim Tebow, center, tosses the ball as Tom Brady, left, talks with offensive coordinator Josh McDaniels, Tebow's former coach in Denver. AP Photo/Charles Krupa

Terms of Tebow's contract, which was officially signed Tuesday, were not disclosed, but league sources told ESPN NFL Insider Adam Schefter that Tebow signed a two-year deal that includes no guaranteed money.

As he was walking off the practice field, where he wore a red (non-contact) jersey and worked with the team's quarterbacks, Tebow made a short statement to the dozens of reporters waiting for him but did not take any questions.

"First and foremost, I just want to thank the Patriots for giving me an opportunity," he said. "I'm very thankful. It's such an honor to be a Patriot and play for coach [Bill] Belichick and coach [Josh] McDaniels, and learn under Tom [Brady] and be a part of this great franchise and very successful franchise. I found out first hand; lost to them several times.

"It's going to be a lot of fun. I'm looking forward to working hard every single day and getting a lot better and learning under some great people. That's all I got. Thank you all so much and God bless. I'm sure we'll be talking more soon."

Belichick kept his remarks on Tebow brief earlier Tuesday, calling the newly-signed quarterback, who will wear No. 5, "a talented player that is smart and works hard."