A timer scheduler is used to track timeout values for network connections. A single hardware timer generates timeout values that can be tracked per connection in a linked list that is processed at set time intervals. All tracked connections can have a future timeout scheduled. Future timeout values can be stored in both a linked list and a connection state table that cross-reference each other. The linked list is traversed at predetermined intervals to determine which entries have timed out. For each entry that timed out, a second check is made against a timeout value in the connection state table. If timeout value within the connection state table indicates that a timeout occurred, then the network connection is terminated.