To be cut. His plan is for him to be cut by the Jets. USA Today reports:
Tebow was informed Monday morning when he arrived at the team's facility he'll be waived, and the team put out a statement: "We have a great deal of respect for Tim Tebow," said Jets head coach Rex Ryan. "Unfortunately, things did not work out the way we all had hoped. Tim is an extremely hard worker, evident by the shape he came back in this offseason (losing weight). We wish him the best moving forward." Tebow will now have to pass through waivers. Teams will have until 4 p.m. ET Tuesday to put in claims for him.
It's pretty hard to understand how a player who can't play quarterback in the NFL is on an NFL roster as a quarterback, but it looks like that experiment is over. If you can't take a job away from Mark Sanchez, then I really don't know what to tell you. All this means is that Tebow gets a headstart to open his megachurch. So don't feel bad for Tebow. He'll be getting a pay raise.