The Jaguars didn’t need to create cap space; they enjoyed a $28 million bulge as of Thursday. So by, as Vito Stellino of the Florida Times-Union reports, extending the contract of franchise-tagged tight end Marcedes Lewis, it’s not immediately clear whether they structured the deal to create space under his one-year tender — or to chew up space.
Either way, they’ve got Lewis signed for the new five seasons.
The tight end franchise tender accounted for $7.28 million in 2011. The new deal, per Stellino, is worth slightly less than $35 million with slightly less than $18 million guaranteed. Depending on the structure, the Jags could have decided to load up the front end of the deal in order to use up current-year cap space.
Lewis had the best season of his five-year career in 2010, with 58 catches for 700 yards and 10 touchdowns. FOX’s Jay Glazer consistently has raved in the offseason about the manner in which Lewis has developed during MMA workouts.