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Ex-Denver Broncos Coach

The MASSIVE Real Estate Loss

9/3/2011 2:30 AM PDT BY TMZ STAFF
Former Denver Broncos coach Josh McDaniels -- the guy who drafted Tim Tebow last year and later got fired -- has taken ANOTHER major hit in Colorado ... losing $500k on a bad real estate deal.

McDaniels just sold his 5,685 sqft Greenwood Village mansion for $1.95 mil ... HORRIBLE for Josh considering he bought the place for $2.5 mil back in 2009 just after he reportedly signed a 4-year, $8 mil contract with the Broncos.

Don't feel too bad for McDaniels -- he got a new gig as an offensive coordinator for the St. Louis Rams ... and according to TMZ's resident football expert, they'll probably be better than the Broncos this year.

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