The Jacksonville Jaguars reportedly adjusted the contracts of two veteran players.
According to Spotrac, the Jaguars converted $5.3 million of Walker Little’s base salary to a signing bonus, along with adding two void years to his deal.
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That move freed up $4.2 million in cap space for the 2025 season.
The Jaguars also converted $2.4 million of Dyami Brown’s base salary to a signing bonus while adding four void years to his contract, which created $1.9 million in cap space.
In short, a player’s base salary counts completely towards the current year’s salary cap. But by converting it to a signing bonus, that amount can then be prorated over the remaining life of the contract, thus lowering the current year’s cap hit.
The void years added to each of these deals provides a longer runway to spread those cap charges over.
The void years are not a contract extension, but rather a bookkeeping maneuver that allows teams to reduce the current year’s cap hit.
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When the contracts of Brown and Little are up, the cap charges that were pushed to the void years will accelerate and come due on the then-current year’s books.
These moves provide the Jaguars with some salary cap breathing room — something they were lacking after trading for Greg Newsome.
By acquiring Newsome’s contract, the Jaguars took on an additional $8.3 million salary cap hit for this season. Prior to these two contract adjustments, the Jaguars were nearly $1 million over the salary cap after the trade.
So, with some rough math, Jacksonville should now have around $5 million in available cap space.
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This gives them some flexibility, but I don’t know if it signals that a move is on the horizon either. More than anything, this seems to have been done out of necessity.
This article originally appeared on Jaguars Wire: Jaguars salary cap update: Contract adjustments create more space