The New york Jets have released Tim Tebow.

The Jets traded for Tebow last offseason, sending a third round pick to the Denver Broncos.

"We have a great deal of respect for Tim Tebow," Rex Ryan said in a statement. "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. We wish him the best moving forward.”

The Jets cleared about $1 million in salary cap space by releasing Tebow.

General manager John Idzik tried to trade Tebow for the past few months.