The Jets held the rights of quarterback-of-all-trades Tim Tebow through the draft, holding out hope that someone would offer, say, a conditional 2030 seventh-round draft choice for the 2010 first-round pick.

Now that the draft is over, Tebow’s time in New York could be, too.

Manish Mehta of the New York Daily News reports that Tebow is “probably gone” at some point soon. The move would drop the Jets’ quarterback depth chart from six down to five.

It also would leave the Jets on the hook for $1.531 million that must be paid to the Broncos in 2013. The cash represents a salary advance given to Tebow in 2011.