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Tim Tebow Cut by Philadelphia Eagles (UPDATE: Tebow Responds)

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Tebow had seemingly won the No. 3 quarterback job when Philadelphia traded Matt Barkley to Arizona on Friday.

Quarterback Tim Tebow #11 of the Philadelphia Eagles warms up on the sidelines against the New York Jets in the third quarter during a pre-season game at MetLife Stadium on September 3, 2015 in East Rutherford, New Jersey. (Rich Schultz /Getty Images)

UPDATE 9:01 p.m. ET: Tebow had this to say on Twitter following his release:

"Thanks @Eagles and Coach Kelly for giving me the opportunity to play the game I love!" he wrote. "Romans 8:28 #Blessed"

Original story below

PHILADELPHIA (TheBlaze/AP) — The Philadelphia Eagles have released Tim Tebow, head coach Chip Kelly confirmed Saturday.

Quarterback Tim Tebow #11 of the Philadelphia Eagles warms up on the sidelines against the New York Jets in the third quarter during a pre-season game at MetLife Stadium on September 3, 2015 in East Rutherford, New Jersey. (Rich Schultz /Getty Images)

The NFL's roster deadline is Saturday afternoon.

Tebow had seemingly won the No. 3 quarterback job when Philadelphia traded Matt Barkley to Arizona on Friday. But Kelly cut Tebow following his best preseason performance at the New York Jets on Thursday night.

The 2007 Heisman Trophy winner was trying to return to the NFL after missing two seasons.

This story has been updated.

Follow Dave Urbanski (@DaveVUrbanski) on Twitter

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