ESPN reported that he will be traded or released, and that the most likely destination is Jacksonville — Tebow's hometown team, which needs both a quarterback and a popular figure to sell tickets.
But the new general manager of the team shot down that possibility flat today, telling Mark Long of the AP, "I can't imagine a scenario where (Tebow) will be a Jacksonville Jaguar."
Tebow's stock fell off a cliff because of his utter irrelevance on the Jets in 2012. It's not all his fault, but it's now unlikely that any team would acquire him as their first-string QB.
Jacksonville was believed to be the one team that was desperate enough to roll with Tebow, but it appears that possibility is off the table.