For a team that finished 2-14 last season (tied for worst in the NFL), such a luxury is needed to help rebuild a poorly-constructed roster. The salary cap room will give Jaguars that chance.
According to Spotrac, the Jaguars possess a whopping $27.9 million* in available cap space (current as Thursday, March 21).
*Number is an estimate, based off average salaries of each new deal. Real number will likely be something different, but this estimate gives us a pretty good idea of how much the Titans will have left to spend.
For real-time updates on Jacksonville's free-agent activity, be sure to check in here.
Here's how the Jaguars arrived at their current cap space (will update as signings, re-signings and releases are made during free agency):
March 19: Jaguars re-signed center Brad Meester and receiver Jordan Shipley, per Paul Kuharsky.
March 16: Jaguars signed cornerback Alan Ball, running back Justin Forsett and defensive tackle Roy Miller.
March 14: Jaguars sign linebacker Geno Hayes and cornerback Antwaun Molden, according to Aaron Wilson. Hayes will count $912,000 against the 2013 cap. Molden's cap number is expected to be under $1 million.
March 13: The Jaguars released receiver Laurent Robinson, according to Ryan O'Halloran of the Florida Times Union. Four concussions during 2012 might have made the move necessary. His cap number was $6.3 million in 2013, but releasing him now will actually cost the Jaguars on this year's cap. He's now worth $9 million in dead money. The Jaguars were willing to take on the money to rid themselves of a bad contract.
March 8: The Jaguars released veteran cornerback Aaron Ross, according to Ryan O'Halloran of the Florida Times-Union. Cutting the 30-year-old Ross created over $3 million in cap space for Jacksonville.
March 8: The Jaguars released safety Dawan Landry, according to Pro Football Talk. Jacksonville had to eat almost $4 million in dead money by releasing the 27-year-old, but it also created $1.45 million and rid the Jaguars of an average player with a bad contract.
February 27: The Jaguars released offensive tackle Guy Whimper, quarterback John Parker Wilson and cornerback Brandon King, according to Rotoworld. Cutting Whimper created nearly $3 million in cap space.