Heisman trophy winner Tebow was put on the trading block by the Denver Broncos after they acquired Peyton Manning in 2012. Tebow went to the New York Jets but they released him earlier this week.
Dolphins sources said they haven't ruled Tebow out completely, but that team executives don't think he is an NFL-worthy quarterback. Tebow was not working out with the Dolphins on Thursday and did not take a physical with the team.
Tebow has received a number of strange offers since becoming a free agent -- the CFL, Lingerie League, the Arena League and Nebraska Indoor Football have contacted the quarterback.
But nothing from the Dolphins, who have been mum on the decision up until now. Miami fans don't seem to be disappointed: See their reactions below.
Notable deaths of 2014 [PHOTOS]