It's official ... Vince McMahon is bringing back the XFL -- and Tim Tebow already has an invite to play.
The WWE honcho made the announcement Thursday afternoon ... saying the new XFL will launch in 2020 and will focus on more exciting football with zero political distractions.
That means players will be required to stand for the National Anthem.
Vince says the league will launch with 8 teams -- 40-man rosters -- and nobody with a criminal background will be eligible to play. Vince says the quality of the individual matters as much as the quality of the play.
When asked specifically about 3 players -- Johnny Manziel, Tim Tebow, and Colin Kaepernick -- Vince danced around Johnny and Colin ... but extended a casual invitation to Tebow.
McMahon insists there will be no crossover between the WWE and the XFL -- which means completely different announcers.
Vince also says he will not be the face of the league and will hire an accomplished people to run the XFL.
As far as the length of the game, Vince says he's gunning for 2-hour games.
Vince says he's confident the league will succeed this time around, 'cause the team has a 2-year runway ... and will be listening closely to what the fans want.
He even asked fans to submit ideas to the league office.
As we previously reported, Vince says he's been thinking about this for years ... and vows to do whatever it takes to make it a success this time around.