Mark Sanchez

The New York Jets released franchise quarterback Mark Sanchez Friday (March 21), after two disappointing seasons.

Once dubbed “Sanchize,” after leading the Jets to back-to-back post season appearances in his first two seasons, the QB has fallen from grace… and ultimately cut from the team. One of the reasons was his surgically repaired shoulder; and the other, to save money.

Sanchez was due a $2 million roster bonus on March 25, which hurried the decision. Now, the Jets save $8.3 million against this year’s cap, incurring $4.8 million in “dead” money on the cap.

The team is now expected to sign a veteran quarterback in free agency, possibly Michael Vick, who is scheduled to visit Friday.