Earlier in the day, it was reported that Hoyer was not an unrestricted free agent like many assumed he was. The Patriots released Hoyer before he was able to accrue a third season, which means he remains a restricted free agent.
Arizona will have an opportunity to retain for a limited cost, should they elect to use a restricted tender on him. Urban mentions that the Cardinals could end up placing a low round tender on Hoyer, which would run them close to $1.3 million.
The Cardinals will be on the lookout for a quarterback this offseason, but they could retain Hoyer long enough to get a look at him during training camp.