League minimum might be stretching it a bit, but Tebow is definitely in a precarious position. Granted, he's only been in the league for a few years, but he's essentially Michael Vick 2.0, in that he's a gimmick quarterback who just can't adapt to the professional game. He can run really, really
quickly, and he's got a semi-decent arm, but his skill set is incredibly raw. There's nothing refined about him in the slightest.
He could be a hell of a gunner on special teams, given that he's strong as an ox, but beyond that ... yeah, there isn't much there.