Tim Tebow is done with the New York Jets after a failed experiment and now he is free to sign wherever he likes, but that doesn't mean an NFL team will want him, leaving him to weigh offers from the CFL and the Lingerie Football League.

Tebow was let known of the decision on Monday morning as he came in for work and now he has to look back on a year full of missed opportunities, since the Jets never gave him any. Tebow was a good soldier and a hard worker and the team never gave him a chance to thrive in the offense after being acquired from the Denver Broncos.

It was little surprise that it was Tebow, who won the Heisman Trophy as most outstanding U.S. college football player in 2007, that got the chop. The decision to release Tebow came just two days after the Jets acquired West Virginia University quarterback Geno Smith at the 78th annual NFL Draft. The Jets notified Tebow of their decision to waive him after just one season at a voluntary team workout on Monday morning.

Tebow had previously been with Denver, taking the Broncos on an improbable run to the 2011 playoffs, despite criticism and reservations about his ability as a passer. Tebow's immediate future remains uncertain. Most NFL pundits said he was unlikely to be claimed in the short term because of his high salary, but once he clears waivers, he would be able to sign with any team as a free agent.

The Jets already had five quarterbacks, including former first-round draft pick Mark Sanchez, who struggled so badly last season that he lost his starting spot, prompting speculation that someone had to go.

Financially, Tebow's future looks secure. Of his five corporate sponsors, three did not immediately respond to requests for comment, and two said they were undeterred by the quarterback's departure from the Jets.

Lan Kennedy-Davis, the chief executive of SOUL electronics, said her company was "100 percent behind Tim Tebow regardless of his team."

"We support Tim, we like Tim, and he's our ambassador because he stands for greatness - not just in football but in what he does in his life," she said.