In a corresponding move, Santonio Holmes was placed on the injured reserve.
Hill was the receiver who last season mocked Darrelle Revis and the Jets in the week leading up to the Jaguars' game against the Jets, only to sit out the game with a hip injury.
Hill doesn't seem to be the most popular choice to replace Holmes, but he does provide an interesting option. Hill has under-produced greatly since being drafted in the third round of the 2007 NFL Draft but did show 4.32 speed at the NFL Combine.
Although his game speed doesn't seem to match his workout speed, he could provide the Jets a burst their offense sorely lacks if he can get things together.
It's interesting that the Jets chose to sign a player who has underachieved rather than a known commodity who could have provided more security to Mark Sanchez as he tries to work his way through this tough period.
According to Manish Mehta of the New York Daily News, Rex Ryan said the team was looking for young and fast wide receivers, which is fine. But wouldn't Sanchez be better served with a veteran presence right now?
There are a number of veteran free agent receivers still available, many of whom would have provided Sanchez with a much more stable option than Hill.
Here's a closer look at seven receivers who the Jets could have signed instead of Jason Hill.
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