NEW YORK (CBSNewYork) — The Jets began the process of retooling their roster on Tuesday when they cut ties with five players.

To the surprise of no one, New York released veteran linebackers Bart Scott and Calvin Pace, safety Eric Smith, backup offensive lineman Jason Smith and tight end Josh Baker. The cuts saved Gang Green roughly $32 million.

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So who’s the next Jet to get the axe?

There has been speculation for weeks that general manager John Idzik will attempt to trade superstar Darrelle Revis.

Revis — widely considered the NFL’s top cornerback — has been rehabbing from a torn ACL suffered early in the 2012 season. The final year of his contract in 2013 carries a $9 million cap hit, according to the New York Daily News.

And then of course there is the curious case of Tim Tebow.

Earlier this month, league sources told ESPN that Idzik would hold off on cutting Tebow and would instead attempt to trade him. Those sources appeared to be correct, as Tebow was spared from the flurry of cuts on Tuesday.

Idzik can’t trade the former first-round pick until March 12, but according to ESPN he will attempt to shop him to other teams at the 2013 NFL Combine this week.

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Needless to say, dealing the 25-year-old will not be an easy task. It’s unclear which teams — if any — have interest in the backup quarterback.

“I think his career is over without playing another position,” one unnamed NFL general manager said, according to ESPN.

Many speculated that Tebow would land with his hometown Jacksonville Jaguars, but David Caldwell dismissed that possibility when he was introduced as the new general manager of the Jags in January.

“I can’t imagine a scenario in which he’ll be a Jacksonville Jaguar — even if he’s released,” Caldwell said at the time.

If Idzik is unable to find a suitable trade partner for Tebow, the GM will most likely cut the former Heisman Trophy winner.

Used primarily as a personal punt protector on special teams in 2012, Tebow threw just eight passes on the season, completing six of them for 39 yards. He also rushed the ball 32 times for 102 yards, failing to find the end zone once.

Tebow is set to make a base salary of $2.6 million for the Jets next season.

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Will teams be willing to give up assets for Tebow, or is this idea of a trade just a pipe dream? Sound off with your thoughts and comments below…