This article citing Mike Tannenbaum says Jay Feely is probably gone.
Now I will encourage you to take this with a grain of salt. There are no direct quotes here. The top of the article says Tannenbaum suggested Thomas Jones is on the way out when he said absolutely nothing to that effect in the cited quote. This kicker news still seems logical.
I know there's a lot of anger over this. I'm not necessarily thrilled to see Feely go, but let's not go overboard. He's not Adam Vinateri in his prime.
I think Folk could work out. The guy was a Pro Bowler back in 2007. I was chatting with Dave Halprin of Blogging the Boys the other night, and he told me Folk had hip surgery less than a year ago. Maybe it was still bothering when he kicked so poorly for the Cowboys a year ago. Maybe it will heal. Maybe a new team and a fresh start will do him good. Also remember letting Feely sign somewhere else will free up a spot for the Jets to sign an unrestricted free agent from another team at an equal or lesser salary. After the way Sebastian Janikowski blew up the kicker market, that could end up being a decent chunk of change.
While I am hoping for good things with Folk, I would have a big problem if the Jets just handed him the job. He is coming off an awful season. I hope the Jets look through the CFL, UFL, and colleges to find ample competition.