According to ESPN,
Vick’s arrival allowed the Jets to part ways with Mark Sanchez, who was released Friday. A $2 million roster bonus was due Tuesday. Sanchez missed last season, recovering from shoulder surgery. His salary-cap charge is a prohibitive $13.1 million.
With the Jets, Vick will be reunited with offensive coordinator Marty Mornhinweg, who coached him from 2009 to 2012 in Philadelphia. Vick enjoyed his best all-around season in 2010. His familiarity with Mornhinweg and his system played an important role in his decision.
“He’s here in a role where he’s going to compete and push Geno Smith to become the very best that he can be,” Mornhinweg said.