With the roster finalization deadline approaching Saturday afternoon, the Philadelphia Eagles have cut ties with quarterback Tim Tebow.
FOX 29's Howard Eskin confirmed the transaction Saturday afternoon.
As I tweeted earlier Tim Tebow one if #eagles cuts. Chip Kelly speaks st 1:30. Will have in periscope— Howard Eskin (@howardeskin) September 5, 2015
Tebow was slated to be the team's third string QB after the Eagles agreed to trade Matt Barkley to the Arizona Cardinals in exchange for a conditional 7th round pick on Friday.
Eagles Head Coach Chip Kelly will address the media at 1:30 p.m. EST Saturday.
A former 1st round pick of the Denver Broncos, Tebow was attempting to make his way back into the league after a brief broadcasting stint with ESPN.
All NFL teams are required to cut the number of players down to 53, from 75, by 4:00p.m. EST Saturday.
Teams will be able to re-sign 10-eligible players to the practice squad following the waiver period.