With the second-round selection of Geno Smith, the New York Jets now have a surplus of quarterbacks, leading some sources familiar with the situation to say the team will consider releasing quarterback Mark Sanchez, Adam Schefter of ESPN reports.
Sanchez counts $12.85 million against the salary cap. If the Jets cut him as a June 1 designation, which they can do at any time, the Jets would take a $12.35 million cap hit this year and $4.8 million next year.
There is no offset clause in the contract, meaning they're on the hook for $8.25 million whether he plays for them or not.
Nick Sanchez Jr., Mark's brother and agent, said the Jets have not yet asked the former first-round pick to take a pay cut or proposed a possible trade in the wake of Smith's addition.
In a text to ESPN's Sal Paolantonio, Nick Sanchez said the Jets brass was in contact with Mark Sanchez throughout Friday, telling him in advance about the possibility of drafting Smith.
Asked if Mark Sanchez wants to stay with the Jets, Nick Sanchez said: "I haven't asked him that question yet. He will comment at a later time. "
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