Tebow Time is up.

The Jets released popular backup quarterback Tim Tebow on Monday morning, The Post has learned. The move comes three days after they drafted Geno Smith in the second round to compete with Mark Sanchez, David Garrard and Greg McElroy for the starting quarterback spot.

It ends Tebow’s 13 months with the Jets that were more memorable for all of the headlines than anything that actually happened on the field. The Jets acquired him from the Broncos in March 2012 for a fourth-round draft pick (the two teams also swapped later draft picks).

The Jets confirmed the news with a press release that included a quote from coach Rex Ryan.

TIM TEBOW PHOTOS

“We have a great deal of respect for Tim Tebow,” Ryan said in the statement. “Unfortunately, things did not work out the way we all had hoped. Tim is an extremely hard worker, evident by the shape he came back in this offseason. We wish him the best moving forward.”

Tebow reported to the Jets training center in Florham Park to work out this morning, according to a source. Before he made it to the weight room, he was summoned to general manager John Idzik’s office where he was informed of his release by Idzik and Ryan.

Tebow posted on Twitter hours after the news broke.

Proverbs 3:5-6: Trust in the Lord with all your heart and do not lean on your own understanding… — Tim Tebow (@TimTebow) April 29, 2013

…in all your ways acknowledge Him, and He will make your paths straight. — Tim Tebow (@TimTebow) April 29, 2013

The arrival of Tebow last year was marked by a splashy news conference that irritated some who believed the Jets were making too big a deal of a backup quarterback. The Jets sold the move by saying they would use Tebow in a variety of roles, including running the wildcat formation, but it never worked.

Tebow played just over 70 snaps on offense. He also served as the personal protector on the punt team until injuring his ribs in November. He completed 6-of-8 passes for 39 yards and ran the ball 32 times for 102 yards. He did not score a touchdown.

The Tebow acquisition had far-reaching consequences. Former offensive coordinator Tony Sparano never figured out how to use Tebow, and it cost him his job. Former general manager Mike Tannenbaum lost his job after the season in part because of the Tebow trade. Starting quarterback Mark Sanchez also regressed greatly in 2012, and many believe Tebow’s presence contributed to that.

It was a comedown for the Heisman Trophy winner from 2011 when he led the Broncos to a division title. But after the team picked up Peyton Manning, Tebow hit the trading block and the Jets grabbed him.

Tebow’s time in New York will be remembered for the massive coverage it drew during training camp, including a memorable shirtless run through the rain, rather than football.

The whole experiment really failed in December when Ryan decided to make a change at quarterback, but passed over Tebow for McElroy. Tebow told Ryan he did not want to run the gimmicky offenses anymore and just wanted to play traditional quarterback.

By the time the season was over, everyone, including Tebow, seemed miserable that he ended up a Jet. Now, Tebow is now a free agent. It will be fascinating to see if he gets picked up.

It caps a remarkable eight days for Idzik, who traded start cornerback Darrelle Revis to the Buccaneers on April 21, drafted Smith in the second round of the Draft and now jettisoned Tebow.