With free agency approaching (March 14), we're analyzing each position on the New York Jets' roster and examining possible upgrades:

Position: Quarterback

2018 cap hits of top returnees:

Christian Hackenberg -- $1.3 million

Bryce Petty -- $843,000

Joel Stave -- $480,000

Pending free agents: Josh McCown

Key stat: In three seasons under coach Todd Bowles, the Jets are ranked 29th in passer rating (80.6) and their touchdown-interception ratio (68-53) is 28th. That's a big reason why he's 20-28.

Money matters: Since 2014, the Jets have paid $32.9 million in salary to their quarterbacks, a relatively low figure. If they sign Kirk Cousins, they could be paying close to that amount in average per year.

Big picture: General manager Mike Maccagnan is 0-for-2 when drafting quarterbacks and his veteran acquisitions have produced two good years and one bad year. In other words, he has a checkered track record. Now is the time to change that.

With more than $70 million in cap room and the sixth pick in the draft, Maccagnan has no excuse. He must resolve the issue that has plagued the Jets for decades. And, for a change, a quality backup would be nice. Petty is on thin ice and Hackenberg could be shopped in trade talks, although it's hard to imagine any team showing interest. The one exception could be the Houston Texans, coached by Bill O'Brien, Hackenberg's first coach at Penn State. By the time the regular season starts, the Jets could have an entirely new look at quarterback.