Jaguars Create $5.1M in Cap Space

The Jaguars restructured the contract of S Rayshawn Jenkins, converting $6.42 million of his salary into a signing bonus. To maximize the savings the Jaguars added three void years to the contract. The move dropped Jenkins’ 2023 salary cap number from $10.5 million to $5.364 million, a savings of $5.136 million.

Jenkins 2024 salary cap number will rise by $1.284 million from $11 million to $12.284 million and his dead money now increased by $5.136 million if the Jaguars decided to go in a different direction next year. If his contract voids in 2025 the Jaguars will have a $3.852 million cap charge in that season.