Mathis has been a Pro Bowler in the past for the Jaguars and is the team's all-time leader in interceptions with 30. He was playing on a consistent level this past season before going down with a torn ACL in a game against Indianapolis—a game the Jaguars won 17-3.
Mathis was one of several players on the path to free agency for a team that finished 5-11 last season.
Earlier in the week, kicker Josh Scobee was offered a franchise tag of approximately $2.6 million for next season. Scobee has not signed the offer yet and will negotiate with the team until free agency begins March 13, which is when he can negotiate with any team.
The Jaguars also must work to re-sign defensive stars Jeremy Mincey, Matt Roth and Dwight Lowery. Each was instrumental in the team ranking sixth in overall defense last season.
Here are some reasons why Mathis' signing is a good thing for the Jaguars.