The Eagles signed Tebow to a one-year contract in April.
Tebow did not play in the NFL last season. In 2014, he worked in television, serving as a Good Morning America correspondent and an SEC Network analyst. He reacted to the news of his release on Twitter:
The quarterback last competed in a regular season NFL game in 2012 with the New York Jets. The team primarily used Tebow as a running back.
The New England Patriots signed Tebow in 2013, but he was cut from the team during training camp.
The Denver Broncos selected Tebow in the first round of the 2010 draft. Tebow started 14 regular-season games for the Broncos in two seasons. In 35 career games, Tebow has completed 47.9% of his passes with 17 touchdowns and nine interceptions.
The Eagles open the 2015 season Sept. 14 against the Atlanta Falcons.
All NFL teams must trim their rosters to 53 players by 4 p.m. Saturday.
- Rohan Nadkarni, Xandria James and Kayla Lombardo