As of 4:00 p.m. Monday, quarterback Tim Tebow will no longer be a Jet. Then, the 24-hour clock will start ticking for another team to make a claim for Tebow's contract via waivers. It's highly unlikely that any team will claim Tebow. To do so will mean relieving the Jets of the obligation to pay the Broncos $1.53 million in 2013 salary that was given to Tebow as an advance in 2011.
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