The best thing he has going for him is that he understands he's no longer going to be a feature back, and he's looking for a job as a back up. I would guess some team will take a chance on him as a back up, but with RBs, you never know.
RBs really get chewed up and spit out by the NFL. They take a serious pounding, and then when they lose a step due to all the pounding they take, they get shuffled aside to be replaced by players with younger, healthier legs and bodies.