It depends on what are new HC wants to do with him.
Currently he is the best we've got. He is also expensive, but so are most experienced NFL QB free agents. Who will we get as a replacement and what they cost will need to be factored in. I really don't know what his final status will be, but if he is going to be cut, look for it to occur either just after we get our new HC or near the cut date deadline, depending on which side of that deadline will give us the most financial relief.