I think the Jet's could still draft a QB. I haven't seen the details on Pennington's restructured contract but I'm not sure he is the long term answer for them any longer. And Ramsey is just a cheap backup.
I also think your assumption that the Saints won't draft a QB is off base as well. The Brees contract has a huge roster bonus next year and is effectively nothing more than a one year deal. They could easily draft Leinart and cut Brees next year.
I just can't see the Saints taking Lienart with the intent of keeping him. I know it's a cliche', but they have too many other needs to guarantee $10M+ to another QB. They need help at OT, DT, and LB. I'm not saying that Lienart won't be a better long-term answer at QB than Brees. But Brees and McAllister are the marquee names and the marquee players on that team now. Tom Benson's money would be better spent building a solid supporting cast to those guys and to shoring up the defense.
you are correct. while brees' contract puts him hin line for a $12 million payday next year, they have no reason to invest $20+ million in another QB either. brees figures to be healthy going into the season, so they are protecting themselves in case he's a bust or can't come back physically. they have positioned themselves to have a pro bowl qb for the next several years with brees.i see the ramsey trade as a big deal. if they didn't think he was somehow important, they wouldn't have traded for him even as little as they have. they would have waited for him to be cut or pick up another FA. so they feel pennington's backup is important enough to get the guy they wanted. this means, to me, they are out of the 1.2 sweepstakes.
saints now have to find someone to partner with to make this deal. raiders? minnesota? cardinals? the price just dropped for any of these teams though, as the jets removed themselves from the bidding. if they can't get anyone to bite, i strongly believe they will draft d'brick and look to defensive help with the remainder of their draft. my gut says that if any deal happens, it is with minnesota. they have the picks that could make it happen.