FLORHAM PARK, N. J. – With the team's lackluster, and at times comical, season finally coming to an end, the New York Jets are not wasting any time making moves this off-season.
Just one day following the team's final game of the season, and subsequent loss, against the Buffalo Bills, the Jets have fired general manager Mike Tannenbaum and say coach Rex Ryan will be back next season.
The Jets finished 6-10 and were in constant turmoil from the moment they acquired Tim Tebow in a trade before the season began.
"Like all Jets fans, I am disappointed with this year's results," said Jets owner Woody Johnson said in a statement Monday.
"Although he helped guide us to two consecutive AFC Championship Games, we are not where we want to be, and a new General Manager will be critical to getting this team back on the right track," Johnson said in regards to Tannenbaum.
Tannenbaum, who signed off on the Tebow trade, had two years left on his contract.
While in the beginning of his tenure with the Jets Tannenbaum was known as "Trader Mike" for his aggressive deals like the team's acquisition of Brett Favre in 2009, his most recent moves on behalf of the team, including the high profile Tebow trade, proved to be clunkers.
According to ESPN, Tannenbaum believed Tebow would be a "dynamic" weapon in the offense. Tebow was brought in as a backup for Mark Sanchez but was expected to play a key role in certain offensive schemes. It never worked out.
The final nail in Tannenbaum's coffin also seems to be Sanchez, whose contract extension last offseason has also shown to be a poor decision.
With the team's loss against the Bills on Sunday, Sanchez knew that his head could be on the chopping block.
"I know I'm better than this," Sanchez said after throwing his 18th interception of the season in the team's 28-9 loss. "I'm contracted to be here. And I want to be here."
The Jets will likely be hard-pressed to trade or cut Sanchez, who is due $8.25 million in guarantees next season his contract extension. He would cost the Jets a $17.1 million salary cap hit next season if he is cut, but New York could spread that amount over the next two seasons if he is released after June 1.
With reporting by The Associated Press.