Paul Gutierrez who covers the Oakland Raiders for ESPN is reporting the Raiders may have some interest in current New York quarterback Mark Sanchez if he gets cut by the team:
You have to imagine that Mark Sanchez is going to be cut, he has a $13.1 million cap hit in 2014 and the Jets would save $8.3 million by releasing him. There is absolutely no way that Sanchez can stay in NY on his current deal and I'm not sure it would be a good idea to keep him around on a restructured deal.
Sanchez turned the ball over 52 times between 2011 and 2012 and turnovers lose you football games. However as Sanchez is just 27 and has play-off experience, there is bound to be a market for him somewhere. We heard a month or two back that he would be in high demand and there was a quote from an anonymous executive saying they would take Sanchez if he was available and he would be their starter.
It's believed that Schaub is their #1 choice, but if Sanchez does become available then it may be good for him to go back to the West Coast. They wouldn't take him on his current deal, so a trade seems unlikely especially considering they know he has to be cut. However if they wanted to guarantee they got him, they could ask to speak to Sanchez to agree a restructure of his contract before passing over a 5th or 6th round pick in a trade. However I doubt that happens and Sanchez will be cut soon enough.