Whether it's cut or traded I don't see him here.
The most likely scenario is he is cut because the only trade value he has is a 7th round pick and BB wouldn't do that.
Just think about it... He didn't show us anything vs. the 1s and 2s of the Skins so if Brady does go down we're screwed anyway. I don't think if Brady went down this season Mallet could come in and lead us to 10-11 wins. We would go about 8-8 with the defense winning all of the games and probably miss the playoffs.
If Brady goes down I'd rather let Jimmy G go in there and tell him, no pressure kid, do your best and get the experience.
Just cut Mallet at this point and save the spot for depth somewhere. If Brady goes down, Mallet isn't saving us this season vs. the schedule we have this year.