Yes, cutting Rodgers would be worse case scenario.
Trading him to Raiders, Panthers, Colts, Lions or even Bears would be better ...
Heck, if Jets don't want him, maybe we can even offer Rodgers to the Patriots or Dolphins (whom are going all in), and we can get a comp picks with the Dolphins where if they make the playoffs we get a 2024 2nd, AFC Championship we get a 2024 1st and if they win the Superbowl we get two 1sts.