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Sources: Jets may cut Mark Sanchez

Updated: April 27, 2013, 11:18 AM ET
By Adam Schefter | ESPN

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.

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 ...

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