However, Sanchez picked up a shoulder injury during the Jets' most recent pre-season game which could hand the initiative to Smith, and the rookie believes that he is ready for the opportunity.
"Yes, I am [ready]. I've been working hard, extremely hard this off-season," Smith told reporters.
"[I'm] preparing myself to be a starter week one, and if I'm given the chance, I'll be prepared for it."
Smith threw one touchdown pass during his side's overtime win over the New York Giants on Saturday but also threw three interceptions and conceded a safety.