McElroy has been released, Chris Mortensen of ESPN reports.
Although McElroy played in Sanchez’s place in that Cardinals game and started one other game last season, he was never given an opportunity to compete with Sanchez and Geno Smith for the starting quarterback job this season. Instead, McElroy was competing with Matt Simms for the No. 3 quarterback job. Simms played well enough in the preseason to win that competition.
So we know Simms will be the Jets’ third-string quarterback. Now all we need to learn is whether Sanchez or Smith will be the first-string quarterback. Jets coach Rex Ryan says he has no timetable for that decision.