According to New York Daily News reporter Manish Mehta, the Jets will attempt to trade Sanchez in the offseason:
This news shouldn't come as a surprise. The Jets would owe Sanchez $17 million if they cut him, which would count against their 2013 salary cap, making him a very expensive decision in the short term. If he stays on the roster, he would be owed $8.25 million, which makes him an expensive backup option.
It seems like the Jets' hands are tied here.
Sanchez has limped his way through the 2012 season, but his poor play hit a new low in Monday night’s loss to the Tennessee Titans. He turned the ball over five times and ruined any hope the Jets had of making the playoffs.
Obviously, it wasn’t all Sanchez’s fault, but he will always receive the blame as the team’s quarterback.
It seems odd that any team would take a chance on any quarterback who has the same number of touchdowns as he does interceptions in his four-year career, but this is the year that it would happen.
The 2013 NFL draft class is weak in terms of quarterbacks with franchise potential, making Sanchez a better option for any team that was thinking of drafting a mid-level talent.
He's still young, and a change of scenery could benefit him at this point. No one is going to mistake him for Peyton Manning anytime soon, but his weak performances could be due in part to the Jets' team and the atmosphere surrounding the team.
As for the Jets, Mehta's full report mentions this as well:
“Bring it on,” one Jets source said about signing Vick if he becomes available. “He was hit too many times (behind a subpar offensive line) the last two years.”
Rex Ryan may be the X-Factor to land Vick, according to sources. Ryan has always had an affinity for Vick, who could potentially help save the coach from getting his walking papers after the 2013 season.
That adds one more layer to this situation. Vick hasn't been a winner in Philadelphia, and the Jets are trying to get back to the AFC championship game for the first time since back-to-back appearances in the 2009 and 2010 seasons.
This is going to be interesting no matter how it pans out. There aren't many teams that need a quarterback, but a few teams could bite if the price is right.