According to Manish Mehta of the New York Daily News, the Jets never planned on keeping Mark Sanchez.
Jets never intended to bring back Sanchez at any price, I'm told. Never offered a pay cut to stay. #NYJ knew long ago he wasn't coming back
— Manish Mehta (@MMehtaNYDN) March 22, 2014
The Jets really did Sanchez wrong by waiting this long to cut him. The quarterback free agent market has dried up for the most part. There aren’t many teams for him to pick from now.