They aren't cutting Gray at TE. He's your odds on favorite at getting the 3rd TE spot. He played every special teams snap in the 3rd PS game, and was in on two stops. The fact that they have him in so much on ST leads me to believe they plan on keeping him at this point. And while Jones has played fairly well this pre-season minus the one bad drop, IMHO he is more limited athletically than Gray.