The Jacksonville Jaguars are set to gain some additional salary cap space on June 2nd.
The Jacksonville Jaguars are set to gain some additional salary cap space on June 2nd.
Although the team released wide receiver Gabe Davis back on May 7th, they designated him with a post-June 1st designation. The purpose for this was salary cap related.
After signing a three-year, $39 million deal just last offseason, which included $24 million guaranteed, Davis is leaving behind a hefty amount of dead salary cap for the Jaguars to absorb.
Had the Jaguars released him without the post-June 1st designation, they would have incurred a $20.3 million dead cap hit on this year’s salary cap.
However, with a post-June 1st designation, they are able to spread that dead cap hit out over the 2025 and 2026 seasons. So Davis, even though he’s not on the team, will still be on the 2025 salary cap books for $5.7 million in dead cap. Next season, Davis will still count for $14.6 million in dead money as well.
So, how are the Jacksonville Jaguars gaining 2025 salary cap space with this move?
With the post-June 1st designation and Davis leaving behind a dead cap hit of $5.7 million in 2025, that is actually less than what his $6.5 million cap hit would have been if he were on the team, therefore creating some cap savings.
To be exact, Over the Cap has the Jaguars gaining $794,000 in salary cap space for this season on June 2nd.
This isn’t a huge amount in the salary cap world by any means, but it is some savings nonetheless. And while we always leave the door open for some sort of addition–although no signing at this point will break the salary cap bank–the Jaguars roster is pretty well set at this stage of the offseason.
Without the $794,000 in savings accounted for just yet, the Jaguars have $26.778 million in available cap space, per OTC, which is the 13th-most in the NFL.