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.