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Tebow Time is off the clock.

Tim Tebow was waived by the Jets on Monday, the end of an unsuccessful one-season experiment in New York that had been expected for months.

"Unfortunately, things did not work out the way we all had hoped," coach Rex Ryan said in a statement by the team announcing the move.

The Heisman Trophy winner attempted just eight passes after his ballyhooed arrival in a surprising trade from the Denver Broncos in March 2012. He threw for 39 yards and rushed 32 times for 102 yards — and stunningly had no touchdowns as a member of the Jets.

Meanwhile, starter Mark Sanchez struggled amid constant questions about Tebow's playing time, and still Tebow remained mostly on the sideline. The Jets and new general manager John Idzik drafted former West Virginia star Geno Smith in the second round of the NFL draft Friday, giving New York six quarterbacks on its roster — and creating uncertainty about Sanchez's future as well.

Tebow arrived at the team's facility in Florham Park, N.J., on Monday morning and was told he had been cut.

Tebow took to Twitter a few hours later, citing a bible verse: "Proverbs 3:5-6: Trust in the Lord with all your heart and do not lean on your own understanding," Tebow wrote, "in all your ways acknowledge Him, and He will make your paths straight."

Tebow led the Broncos to the playoffs in 2011, but became expendable when Denver signed Peyton Manning as a free agent. The popular backup quarterback was acquired by the Jets for a fourth-round draft pick and $1.5 million in salary. He was introduced at the Jets' facility to plenty of fanfare at a lavish news conference, with Tebow repeatedly saying he was "excited" to be in New York.

Bills, Colts make deal

The Bills and Colts have swapped linebackers, with Buffalo trading Kelvin Sheppard to Indianapolis in exchange for Jerry Hughes. Sheppard, a 2011 second-round pick from LSU had 138 tackles and two sacks in 31 games, including 24 starts, during his two seasons in Buffalo.

Hughes was the Colts' 2010 first-round draft pick from TCU. He's had 62 tackles and five sacks in 40 games, including seven starts. Buffalo's defense is in the midst of transition under new coach Doug Marrone and new coordinator Mike Pettine.