Tebow Time is up.

The Jets released popular backup quarterback Tim Tebow on Monday morning, The Post has learned. The move comes three days after they drafted Geno Smith in the second round to compete with Mark Sanchez, David Garrard and Greg McElroy for the starting quarterback spot.

It ends Tebow’s 13 months with the Jets that were more memorable for all of the headlines than anything that actually happened on the field. The Jets acquired him from the Broncos in March 2012 for a fourth-round draft pick (the two teams also swapped later draft picks).

The Jets confirmed the news with a press release that included a quote from coach Rex Ryan.

“We have a great deal of respect for Tim Tebow,” Ryan said in the 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.”

Tebow reported to the Jets training center in Florham Park to work out this morning, according to a source. Before he made it to the weight room, he was summoned to general manager John Idzik’s office where he was informed of his release by Idzik and Ryan.