W2W4: Day 3 of draft

FLORHAM PARK, N.J. -- The Jets have only three remaining picks -- fifth round (141 overall), sixth round (178) and seventh round (215). Barring something crazy, the storylines on the final day of the draft won't focus on the actual selections. See:

1. Heeeere's Geno: Second-round pick Geno Smith, Mark Sanchez's potential successor, will be introduced at a 1 p.m. news conference at the team's facility in Florham Park -- nearly four years to the day Sanchez was introduced.

2. Sanchez's future: Upper management is mulling Sanchez's fate. The team likely will make every effort to trade him on the final day of the draft, but a deal is unlikely because of his $8.25 million guarantee. Failing a trade, the organization may simply release Sanchez, eating the money but avoiding the distraction of a messy quarterback situation.

3. Tim Tebow's future: See No. 2. The contract numbers and cap implications are different, but his future is as tenuous as that of Sanchez. Let's see if the new Godfather, GM John Idzik, settles all family business in one day.

4. Veteran additions: In case you missed it amid the quarterback craziness of Friday, the Jets added two veterans, trading for former Saints RB Chris Ivory and agreeing to terms on a one-year contract with former Lions G Stephen Peterman. As expected, Ivory agreed to a multiyear deal with the Jets (three years) and is now considered the favorite for No. 1 RB job.

5. Oh, yes, the draft: After dealing a fourth-round pick to the Saints for Ivory, the Jets won't be on the clock until the fifth round. They still have several glaring needs, namely safety and tight end. They also have yet to address the need for an outside pass rusher. Hey, maybe, they'll draft another quarterback, with Matt Barkley and Ryan Nassib still available. Six, seven, eight ... what's the difference?