Just prior to David Caldwell being hired as the Jaguars' general manager, it was reported by a certain four letter (E**N) that it was virtually a certainty that the Jaguars would be bringing in Tim Tebow. That rumor didn't last long after Caldwell was hired. He made it unquestionably clear that the Jaguars weren't interested.
"I can't imagine a scenario where he would be a Jacksonville Jaguar," Caldwell said at a press conference after being hired. That sentiment appears to continue, with Shahid Khan's spokesman telling USA Today's Jonny Saraceno, "The Jacksonville Jaguars’ plans do not include Tim Tebow."
To this point, the Jaguars have handled Tim Tebow rumors in the best possible manner. Instead of beating around the bush, the Jaguars have shut down all Tebow rumors since Caldwell took over as general manager. Considering that Shahid Khan and the Jaguars were very interested in Tebow when he went on the trade market last offseason, it seems that Khan is embracing his new GM's philosophy and staying away from the hometown guy.
It's still unclear whether Tebow will find a home with an NFL roster, but if he does, it seems likely he'll have to give up the quarterback position or he'll find himself in a different league altogether.