I think they should give serious consideration to cutting Hockenson. With the way he's been trending, I don't think it would be too difficult to cheaply replace him (it's easy to see him being a well-below average TE at this point), and he could save them almost $16MM with a post-June 1 cut
If they truly want there to be a legitimate QB competition for JJ, then I think Geno Smith is the play. It's hard to separate his awful 2025 from the organizational rot he had to deal with, so he has real bounceback potential - at least as much as you could reasonably expect from a 35 year old. At worst, he's still an upgrade from last year's backup QB situation. Like Kyler, he's basically free. And unlike Kyler, I think he can be signed without a guarantee of a starting spot.
Whichever direction they go at QB, I hope it's a cut veteran that can be had for the minimum. There are no long-term solutions available (assuming they don't go nuclear with a trade), and they need as many resources as possible to patch up the rest of the roster