The Jets appear to be sticking with Sanchez despite his struggles and the arrival of Smith as the future quarterback because he is guaranteed $8.25 million this season. But Idzik made it clear that the team would bring in competition for Sanchez. Tebow, however, is not going to be among the team's options. And, he's free to explore other opportunities - even if there don't seem to be many at this point.
It appeared Jacksonville, the other team to pursue Tebow last offseason, would be an obvious landing spot. But new general manager David Caldwell nixed the idea of a happy homecoming when he declared at his introductory news conference that he couldn't "imagine a scenario in which he'll be a Jacksonville Jaguar."
Matt Robinson, who played for eight years in the NFL, said the Jaguars are making a sound decision by not pursuing Tebow.
"I think to bring Tebow in would in no way affect tickets sales like everyone thought, and I think he would create more of a controversy and distraction than it's worth right now," Robinson said. "If the Jaguars wanted to address the quarterback situation, they would have done so in the draft."
Some Jacksonville fans say the 25-year-old Tebow was never given a fair shot at success.
"Until he's gets with a program or someone builds a program around Tebow's strengths, then the possibilities are limited," Jaguars fan Frank Lightfoot said.
Some fans still think the Jaguars are making a big mistake.
"The positive aura that goes around him, his time with the Broncos, that's what he brings to a team," fan Chris Preslock said. "He may not have all the mechanics down, but sometimes you can't replace leadership."
Many believe Tebow's best chance to stick in the NFL would be to switch positions, but he insists he is a quarterback and just wants an opportunity. Just as the Broncos gave him two seasons ago when he took over for Kyle Orton and led Denver to several comeback victories and into the playoffs.
Tebow was the talk of the country back then, as it seemed everyone - including actor Robert Downey Jr. at the Oscars - was dropping to a knee to do their version of "Tebowing," mimicking the quarterback's prayerful pose.
It was something that was absent all season in his stint with the Jets.
Chicago could be a possibility since new coach Marc Trestman worked with Tebow before the NFL draft in 2010 and in the Senior Bowl and liked what he saw. He'd be a backup there behind Jay Cutler, though. Tampa Bay, San Diego and New England might also be options.
Tebow could also head to Canada and play in the CFL, taking the route several others before him have, such as Doug Flutie, Warren Moon and Jeff Garcia. The Montreal Alouettes own his exclusive negotiating rights, but whether Tebow would even be open to a move north of the U.S. border is uncertain.
Brett Bouchy, the owner of the Orlando Predators of the Arena League, recently told the Orlando Sentinel that his team would "love to have him," and added that "we have a contract waiting for him to sign."
Either way, it's quite a fall from grace for Tebow, who was a two-time national champion with the University of Florida, and whose No. 15 Broncos jersey ranked second in national sales to Green Bay's Aaron Rodgers in 2011. He remained a model citizen throughout his frustrating year in New York and answered the constant barrage of questions about his role and mindset all season.
Recently retired Jets special teams coordinator Mike Westhoff labeled the way the team used Tebow an "absolute mess." Former Jets teammate Mike DeVito, now with Kansas City, said after the season that he would've liked to have seen Tebow get a chance.
Whether Tebow gets another one elsewhere - and if it's as a quarterback - this season remains to be seen.