Saskatchewan quarterback Michael Bishop tossed three interceptions in a loss to the B.C. Lions on Saturday. ((Troy Fleece/Canadian Press))

Two days after suffering a big loss to the B.C. Lions in the CFL playoffs, the Saskatchewan Roughriders placed quarterback Michael Bishop on waivers Monday night.

"I met with Kenny [Miller Sunday], and, collectively, we decided that Michael Bishop will not be returning for the 2009 season," said Roughrider GM Eric Tillman in a statement.

"This is a very tough business at times, and this is certainly one of the more unpleasant aspects of professional football.

"Michael has been placed on waivers, and if any club wishes to claim him, we will work with them to allow that opportunity to happen. If not, of course, he will become a free agent."

Bishop passed for 2,224 yards with the Riders, including seven touchdowns and a 60.8 per cent completion rate.

The former Kansas State star began the season with the Toronto Argonauts, but was traded on Aug. 23 to Saskatchewan for a conditional pick in the 2010 draft.

Bishop, who was inconsistent in mustering a 4-4 record following the trade, was shaky for the most part against the Lions en route to his second loss in as many playoff games.

He misfired on several throws in the Argonauts' 19-9 loss to Winnipeg in last year's East final and had similar performance in cold and windy Regina on Saturday.

Bishop hit on 14 of 27 passes for 172 yards, but tossed three interceptions and was replaced by Darian Durant midway through the fourth quarter.

"In his time with our club, Michael helped us win several games, of which we are very appreciative," Tillman said. "Michael is a good person, and he handled the news with great dignity. We wish him every success in the future."

Even with Bishop's exit, Tillman and the Riders currently have four quarterbacks under contract with Durant, Jyles, Dalton Bell and Drew Tate on the roster.

Durant is scheduled to become a free agent in February but has said he'd like to continue playing for the former Grey Cup champions.

With files from the Canadian Press