Sanchez was competing with second-round rookie Geno Smith for the starting role in training camp, but lost it when he fractured his shoulder in the preseason. He underwent surgery in October and missed the entire 2013 season. The bigger problem for Sanchez's roster status is his contract. He's due to make $9 million in the 2014 season and has a $2 million roster bonus in March if he's still on the team.
A first-round pick in 2009, Sanchez had been the starter for four years. He led the Jets to the AFC Championship Game in his first two years, but things quickly went south after that. The Jets are expected to find a new backup for Smith in the offseason once Sanchez is released.
Sanchez might still catch on as a backup somewhere else with a potentially thin free agent market on tap. Texans quarterback Matt Schaub is another veteran expected to be released, while Josh Freeman, Michael Vick and Chad Henne could also be looking for work elsewhere.