In Thursday's Daily News, Cimini reported the Jets will likely announce on Friday that the quarterback will be released.
In some good news for the Jets, according to the report, the official transactions will be made after June 1. If it is done before that date, the Jets would take a $7.5 million cap hit in 2004. After that date, the team can prorate this money over two seasons, with a $3.5 million hit this year, and $4.0 million in 2005.
Testaverde isn't a good fit for the West Coast offense, and that is a major reason the Jets picked Wisconsin quarterback Brooks Bollinger in last year's draft.
Bollinger was given reps as the second-team quarterback, in practice, late last season. Testaverde saw this as a forerunner of things to come, and threatened to retire if the team demoted him to the #3 quarterback spot.
Jets offensive coordinator Paul Hackett is a big fan of Bollinger, and seems ready to give him a chance to be the team's #2 spot.
Expect the team to bring in another quarterback, possible CFL star Ricky Ray, to compete with Bollinger for the backup quarterback job.
So it looks like Testaverde's six-year run with the Jets is over. The highlight of this stint was Testaverde's brilliant 1998 season, when he threw 29 touchdowns and just seven interceptions, in leading the Jets to the AFC Championship game.