Tim Tebow: Cut From The Jags

I am still in awe of the Jacksonville Jaguars cutting QB converted to TE Tim Tebow.  I understand that maybe he wasn't cut out for the position but why not give the guy another preseason game?  After all his jersey sales were only helping the franchise.  I'm not sure if Tebow will find another team or maybe land on a practice squad somewhere (if that is what he wants).  We will have to wait and see for the next chapter in the Tebow saga.