Jaguars will absorb a $16.5 million dead cap hit
Releasing Blake Bortles without a post-June 1 designation means the Jaguars will absorb a $16.5 million dead cap hit and save only $4.5 million. Bortles was guaranteed $6.5 million this year. He also was due a $1 million roster bonus on the fifth day of the 2019 league year (Sunday), but obviously will not receive that now. The Jaguars now have four quarterbacks under contract for 2019: Nick Foles, Cody Kessler, Tanner Lee, and Alex McGough. (ESPN)
Nerdy Football Analysis: This move was expected early in the off-season as info leaked that Nick Foles was likely to become the next Jaguars QB. Bortles had his moments in Jacksonville but battled turnovers and slipped into a game-manager label that he could never shake. Miami is the only team looking for a starting quarterback at this point, giving Bortles few options. He’ll likely have to settle for a backup job in 2019.