Greg McElroy finally free to go

FLORHAM PARK, N.J. -- For the second time in three days, quarterback Greg McElroy was released by the New York Jets. This time, he's really gone.

The Jets waived McElroy from their injured-reserve list after negotiating an injury settlement, meaning McElroy is free to sign with another team. That team appears to be the Bengals, who reportedly want him for their practice squad.

This was all about a technicality and a formality. On Saturday, the Jets waived him with an injury. Once he cleared waivers, his rights reverted to the Jets' injured reserve list. Evidently, the negotiation of an injury settlement was only a formality, as McElroy already was en route to Cincinnati.

McElroy missed the past three preseason games with a sprained knee, aggravating it in practice a few days before the preseason finale. It's not believed to be a severe injury.

The ever-changing depth chart at quarterback looks like this:

1. Geno Smith

2. Mark Sanchez (injured)

3. Brady Quinn

4. Matt Simms