Dumping Garrard saves $8.075 million in cash and cap space

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As of last week, the Jaguars had $28 million in 2011 salary cap space.

They now have even more.

Per a source with knowledge of former starting quarteback David Garrard’s contract, he was due to earn a base salary of $8.075 million in 2011.  Now, not.

Also, because there is no remaining bonus allocation applicable to Garrard, the team takes no cap hit by dumping him.

And so, assuming that the team hasn’t been signing players to big-money deals in the past week, the Jags should have more than $35 million in salary cap space.

49 responses to “Dumping Garrard saves $8.075 million in cash and cap space

  1. If the owners aren’t even bothered to spend a few quid to improve their team, why should the fans bothered to come watch the games & fill the owners’ pockets.

  2. That should leave a cool $33.5 million in the kitty after they buy up all the rest of this season’s tickets.

  3. Hey! They might be a 4-12 team next year but at least they saved a few bucks doing it!

    Schmucks….

  4. Nono it wasn’t about the money. It was about ditching the starter less than a week before opening day. Come on, say it with a straight face!

  5. You were a class act David. Good luck moving forward. Now let’s stretch the field some and get a few of those defenders out of the box for MJD. Meanwhile, the Franchise is coming….. number 11 in your program but number 1 in your hearts.

  6. It really wasn’t the money that led the Jags to releasing Garrard. It was the tremendous bookeeping expenses associated with cutting the checks and figuring his cap number, taxes and 401K, etc.

    Welcome to the future! Teams will save money now and invest the guaranteed long-term contracts only on players that really seem to be “a sure thing.” Look for lucrative short term contracts for talented stop-gap players to fill gaps in the rosters and avoid the league minimum.

    You heard it here first.

  7. Garrard, Gabbert, and Del Rio, all said the right things about the quarterback competition, everything nicey, nicey. But the whole time there was a test of wills in the locker room. Like two fighting dogs in a staredown. Garrard went limp and gave up. He walked the plank of his own volition.

  8. i`ve been pondering this happening for a couple hours on pain meds for my ankle….and it still makes no sense after the meds have kicked in. well, maybe after a crown royal on the rocks it will be clear to me. feel bad for the jags fans. season is in trouble before the first sunday has arrived. don`t worry jgas fans, i am sure to be feeling your pain very soon, sincerely, a bills fan.

  9. Watching Garrard the last two years has been like pulling teeth at times. I hope the Colts take him and he starts the whole year. That’ll get you a whopping 8-8.

  10. readysethike says: Sep 6, 2011 8:02 PM

    if they had traded him, could they still saved $8.075 million?

    Yes, but they’d have to find another mug team happy to pay that money or get a new contract agreed; I doubt any team was prepared to do that therefore they cut him

  11. If there’s one thing fans love more than a Super Bowl championship, it’s a team payroll way under the salary cap!!!!!

    Gooooooooooooo Jags!!!!!!!!!!

  12. thegonz13 says:
    $32 million in cap space and they still field a mediocre team?

    —————————————————————-

    $32 million in cap space is WHY they’re fielding a mediocre team.

    Good teams SPEND money, crap teams don’t

  13. It also saves them from a lot of really mediocre QB playing.

    Of course….it comes at the cost of replacing the mediocre QB play with really really awful QB play.

  14. Luke McCown? I just can’t wrap my head around that. How can you try and sell any message of trying to win to your players and fans with this move?

    Oh look I see a white flag up in the air, its says McCown on the back.

    Why even waste playing time on McCown with his 1-7 career record? You have to put Gabbert in week one, if he goes 2-6 in the first half of the season he’ll already have a better career.

  15. It’s always OK when a team does this, but not OK when a player has the leverage to negotiate for a better deal. Do you side with the owners because, you too are a millionaire or for some other reason?

  16. What is the benefit in cutting him so late? Is it an “F.U., good luck signing now” to Garrard and/or potential new employers?

  17. Makes you realize how little people know about the direction this franchise is going. They did draft Gabbert 10th overall this year, spend a ton of money bringing in defensive free agents….ah never mind…..go back to talking about tarps, blackouts, and moving to LA. Even if its wrong, its really witty every time you say it.

  18. @readysethike

    Do you really think the Jags could have traded him and some team pay him $8.075 mil per year? C’mon just think about it. If some team wanted him, they would just wait for jags to cut him, which they did. Unless you’re Daniel Snyder, you don’t pay $8.075 mil for a backup, Denver not withstanding. And as far as some of these rants on this thread, the Jags had no blackouts last year and did not blackout their two pre-season games this year. If you want to talk about buy back see St. Louis and Tampa Bay.

  19. >>> if they had traded him, could they still saved $8.075 million? <<<

    Seems like a pretty good indication he's actually NOT worth anything close to the $8.075 million if they COULDN'T, wouldn't you say? I'd say he just lost the job fair & square more or less legitimately. Since they've also obviously & practically pre-determined the eventual outcome anyway by drafting the heir apparent in Gabbert why continue throwing good money after bad?

    It's also not like a QB could come in somewhere and learn a completely new system in much less than a full month, so you'd be getting him for that to be your #3 for a few weeks at least until he would be able to get up to speed …. and that's if he's a real quick study.

    If you mean if they traded him before the first game (at which point his salary as a vested vet would have become guaranteed) would they not have to pay him, the answer is yes.

  20. No sympathy for Garrard. That was how he got the starting job four seasons ago. Meanwhile he has made enough money to keep several generations of his family in luxury. Live by the last second cut, die by the last second cut.

  21. What is the benefit in cutting him so late? Is it an “F.U., good luck signing now” to Garrard and/or potential new employers?
    _________________________

    More likely they’ve been planning the move for a while, but gave no indication and held onto him until the last second so the Colts couldn’t bring him in and get him up to speed in their scheme. Now they’re committed to Collins.

  22. It wont save their season. Name the last .500 team that let go of their starter on opening week.

    Dumping Garrard saves $8.075 million in cash, but it wont save their season.

    The plus side is they have a good young QB, and it aint Luke McCown, thats for sure.

  23. Luke gets hurt, they start Gabbert, who sucks real bad, and with the play of the Def and some lucky plays by the offense, the Jags go 2-14, sounds like the Panthers last season, then the Jags draft Luck, and the cycle continues…..LOL

  24. tatum064 says:

    “Name the last .500 team that let go of their starter on opening week.”

    That would be the 2007 Jacksonville Jaguars who, BTW, made the playoffs that year!

    What a bunch of know-nothings on this board!

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