Jaguars 2026 Salary Cap Tracker: How Much Room Do They Have for Free Agency

JACKSONVILLE, Fla. -- The Jacksonville Jaguars have some big decisions on the horizon, but first they must work to get their cap space in order,

The NFL announced the salary cap for the 2026 season last Friday, with the number now hitting $301.2 million. With that info now on the table, we know exactly how much Jaguars and general manager James Gladstone will have to adjust for when it comes to the start of the league year.

Cap Tracker

According to Over The Cap, the Jaguars entered Thursday currently rank No. 30 in cap space and are $16,902,005 over the cap. This means the Jaguars still have a number of moves to make before the league year begins at 4 p.m. next Wednesday, giving them a little less than a week to get the cap in order.

The Jaguars, as predicted, opted not to franchise tag either Devin Lloyd or Travis Etienne earlier this week. Doing so would have been quite the obstacle for the Jaguars to work around, which means each is now likely set to hit free agency officially. With the Jaguars already having plenty of work to do to get under the cap before each hits free agency, it feels like the Jaguars are better off letting someone else pay each.

Jacksonville Jaguars running back Travis Etienne Jr. (1) is introduced before an NFL football game at EverBank Stadium, Sunday, Dec. 7, 2025, in Jacksonville, Fla. The Jaguars defeated the Colts 36-19. | Corey Perrine/Florida Times-Union / USA TODAY NETWORK via Imagn Images

The Jaguars do have a number of candidates on their roster to restructure. They could save over $17.5 million if they restructure Foyesade Oluokun, Arik Armstead, and Walker Little, and there are other restructure candidates like Ezra Cleveland. The Jaguars could also opt to release or trade any of the aforementioned options, creating some flexability but eating some dead money.

Jacksonville already re-signed their top free agents during the regular-season, signing Jakobi Meyers and Cole Van Lanen to big extensions before the season ended. As a result, the Jaguars' other free agent moves this cycle have been relatively limited and has centered more around backups and depth pieces.

james gladston — Jan 4, 2026; Jacksonville, Florida, USA; Jacksonville Jaguars general manager James Gladstone looks on from the sideline against the Tennessee Titans during the fourth quarter at EverBank Stadium. Mandatory Credit: Travis Register-Imagn Images | Travis Register-Imagn Images

The Jaguars could look to create cap savings in one major way by finding a way to extend former No. 1 pick Travon Walker. Walker is set to play on a fully-guaranteed fifth-year option, and extending Walker now would drive his price down considerably.

Make sure you follow along with this tracker as we update it ahead of free agency with each move the Jaguars make. We know they have several on the horizon, and here is where you will find all of them.

UPDATES

The Jaguars have restructured the contracts of safety Eric Murray and offensive lineman Patrick Mekari, according to Michael Ginnitti of Spotrac. According to Ginnitti, the two moves cleared $10.72 million in cap space. This would bring the Jaguars to just $3,579,395 over the cap, inching them closer toward being cap compliant.

The #Jaguars converted $4.2M of Eric Murray's 2026 salary into signing bonus, adding 3 void years, clearing $3.36M of space.

Jacksonville still has work to do to get compliant next week. https://t.co/s51ZBm8NUs
— Spotrac (@spotrac) March 6, 2026

According to Aaron Wilson, the Jaguars restructured another player in cornerback Jourdan Lewis. By doing so, the Jaguars have created $6.1 million in cap space.

#Jaguars restructure for Jourdan Lewis: converted $7.7 million of base salary into signing bonus, lowered salary to $1.3M, cap figure to $6.599M, added 2028-2030 voidable years for proration purposes.
Deal has total cash value of $77.5M, $20M total guaranteed.
— Aaron Wilson (@AaronWilson_NFL) March 7, 2026

Cap Tracker

UPDATES

CURRENT CAP SPACE: $2,580,605