The team's plan is to try and trade Sanchez, but if that doesn't work, the Broncos will likely cut him sometime before Tuesday at 4 p.m. ET, according to PFT. Every team in the NFL has to trim their roster down from 90 to 75 players by Tuesday afternoon.
It's been pretty clear for the past week that the Broncos were going to get rid of Sanchez. The quarterback didn't play a single snap against the Rams on Saturday, which is notable because it was Week 3 of the preseason and starters genuinely play at least a half during Week 3.
Sanchez fell out of favor in Denver after a rough outing against the 49ers in Week 2 of the preseason. The low point of Sanchez's short Broncos career came late in the first half when he fumbled two times in a 45-second span.
Follow me. Sanchez goes 10 plays 75 yards, fumbles at 49ers 13. 49ers fumble. Sanchez gets it back. Fumbles. 49ers take a knee. Halftime— James Palmer (@JamesPalmerTV) August 21, 2016
"I just squandered a great opportunity to separate myself and I put the team in a bad situation," Sanchez said after Denver's 31-24 loss to San Francisco. "There's no excuse for that, poor, poor quarterback play."
Although the Broncos are looking to trade Sanchez, that's going to be almost impossible. For most teams, there would be no use in making the Broncos a trade offer for Sanchez if they think he's going to be released, because in that case, they could sign him without giving up any compensation after he's cut.
On the other hand, the Broncos could possibly find a trading partner if a desperate team comes calling. For instance, if the Cowboys decided they really, really wanted a veteran backup quarterback while Tony Romo's out.
Anyway, Sanchez might be leaving Denver without a huge highlight reel, but he won't be leaving empty handed: The quarterback's one-year, $4.5 million contract guaranteed him $1 million whether he made the roster or not, so he'll get a nice seven-figure parting gift from the Broncos.
Also, maybe he'll decide to start dating, because being single didn't seem to help him too much. After he was traded from Philly to Denver in March, Sanchez said that he would probably win the Broncos' quarterback job because he's single and has nothing better to go.