Tim Tebow clears waivers, hits open market
The 25-year-old Tim Tebow went unclaimed during the 24 hour waivers period since his release by the New York Jets on Monday, a league source confirmed today. Now, former New York Jets quarterback Tim Tebow will be able to negotiate with other teams to sign a new contract as an unrestricted free agent.
It was highly unlikely that Tim Tebow would have been claimed on waivers by another team, willing to take on his remaining contract. Although he may seem like a good addition at a bargain price of $1.055 million and $895,000 in salaries for the 2013 as well as 2014 seasons respectively; still any team picking up Tim Tebow on waivers would also be on the hook for an additional $1.53 million. But now that Tim Tebow has gone unclaimed through the waivers process, the New York Jets will owe the Denver Broncos $1.53 million in advanced salary the Broncos originally paid to Tebow (which will count against this year’s salary cap), according to the trade agreement.
The New York Jets originally acquired Tm Tebow in a trade last offseason after he led the Denver Broncos to the playoffs following as part of their 2011 campaign. But Tim Tebow saw limited playing time, was unsuccessfully used in the Wildcat formation and saw Greg McEllroy being favored by New York Jets coach Rex Ryan for the backup spot towards the end of last season.
As of right now, Tim Tebow doesn’t appear to have many options in a soft quarterback market. The Jacksonville Jaguars have already gone on record stating they have no interest in signing him, while the San Francisco 49ers, Seattle Seahawks and Chicago Bears have expressed having no interest in Tim Tebow. While a move to the tight end has also been described as another possible option for Tim Tebow, he seem’s quite determined to stick with the quarterback position. But a backup quarterback job seems far from guaranteed, while a full-time role as a utility player won’t fit Tim Tebow’s talents since he rushed for 3.2 yards per carry while attempting just eight passes last season.
Meanwhile, Tim Tebow’s immediate options reportedly appear as the Montreal Alouettes of the Canadian Football League, the Omaha Beef a Nebraska indoor league team, or coaching the Lingerie Football League.