We count four truly "open" quarterback competitions in four NFL cities this offseason: Philadelphia, New York (Jets), Buffalo and Jacksonville.
We try not to read too much into practice snaps in the offseason, but this is mandatory minicamp. It's the culmination of all the team's offseason work. Smith very well could win the starting job in training camp, but Sanchez is going in as the clear starter for now.
The Jets seem committed to keeping Sanchez on the team. It will be a lot easier to bench Sanchez for Smith at some point than the other way around.