Pennington will be in a splint for about a week, and then in a cast for the following three to four weeks.
"I'm optimistic he can play this season," said Edwards. "If anyone can do it, Chad can, but I am not going to put him in harms way."
With Pennington down, the Jets now turn to Vinny Testaverde as their starting quarterback. In Testaverde's last full season, in 2001, he threw for 2,752 yards, 15 touchdowns, and 14 interceptions. He complied a quarterback rating of 75.3. Testaverde started in all 16 contests that season.
"We are going to rally around Vinny," said Edwards. " I talked to Vinny today, he is going to do everything he can to help us win. Its not like Vinny is a guy that has never been a starting quarterback before. That is why Vinny is here."
With the quarterback situation as it stands now, the Jets have one veteran in Testaverde, and two unproven rookies in Brooks Bollinger, and Marquel Balckwell. Bollinger was also injured in last nights contest, and is day-to-day with a bruised knee.
"We feel good with Brooks, but we need another guy," said Edwards. "You can't have one veteran and two young backups. We would like to find a veteran that has played in this system before."
In a conference call with reporters late Sunday afternoon, Edwards refused to speculate on who the quarterback might be, but did say that the evaluation process, of available quarterbacks has already begun. He also did not rule out the possibility of a trade.
If the Jets do sign a veteran quarterback this week it is possible that he could be on the field as early as Thursday, when the Jets travel to Philadelphia to take on the Eagles, in their final preseason tune-up.