Tebow time in Jacksonville is officially over ... the Jaguars have just cut Tim Tebow.
The former Heisman Trophy winner announced the move himself Tuesday morning ... saying in a statement he was "grateful for the chance" the Jaguars gave him by signing him in the spring.
"Thankful for the highs and even the lows, the opportunities, and the setbacks," Tebow said. "I've never wanted to make decisions out of fear of failure and I'm grateful for the chance to have pursued a dream."
Tebow added, "Thank you the @Jaguars organization and everyone who has supported me in this journey.