"I'm rooting for him big time," Kraft told reporters prior to the Patriots' annual kickoff gala. "I'm in his corner, but I have the privilege of letting Bill make those decisions. He has a pretty good record doing it."
Tebow survived the cut-down to 75 players Tuesday, but as the Patriots' third quarterback, he is at risk of being cut when the Patriots make their final roster trim Saturday.
In his most recent preseason appearance Aug. 16, Tebow went 1-for-7 passing for negative-1 yard and an interception. He did not play in Thursday's loss to the Detroit Lions.
"Week to week [in the regular season], you're going to ask the questions, if we don't perform up to standard, why we didn't [perform]," Kraft said. "I think you want to make sure we have the best 53 people to help us win games during the year."
The Patriots carried only two quarterbacks last season. Both of them -- Tom Brady and Ryan Mallett -- remain at the top of the depth chart entering this season, something Kraft says is a "privilege" compared to uncertain quarterback situations with AFC East foes the Buffalo Bills and the New York Jets.
"If you look around the league and see what's happening to two of the teams in our division, I just give thanks to the position we're in," Kraft said.