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When the Philadelphia Eagles cut two-time Pro Bowl defensive end Jason Babin, everyone figured he'd wind up on a contender somewhere looking for a late-season boost.
Instead, he was signed by the Jacksonville Jaguars who are closer to competing for the first pick in the draft than the playoffs.
Ryan O'Halloran of the Florida Times-Union details the signing and the cap ramifications of the decision to sign Babin. By making a waiver claim, the Jaguars inherit Babin's existing contract, with the caveat that the bonus money has already been paid by the Eagles.
That means that Jacksonville is ultimately responsible only for the outstanding portion of Babin's 2012 salary with no penalty to the cap should they part ways with Babin after the season.