If the Jets hadnt botched playing him so badly there would be a trade market for him. There probably is one now but its going to be harder. I think Seattle would have interest. Arizona might but Reid going there scares me. He comes from an organization that would never touch a guy like Sanchez.
It also may be a situation where the Jets are forced to keep him and make him 3rd string if he is that bad. Id anticipate reworking his deal to balance out those 2013 and 2014 cap charges if they opt for that option.