Jaguars' latest cap restructuring hints at something bigger from James Gladstone

• James Gladstone is at it again.
Jacksonville Jaguars General Manager James Gladstone, left, and Tony Boselli, Jacksonville Jaguars Executive Vice President of football operations walk on the field before an NFL football matchup at EverBank Stadium, Sunday, Sept. 21, 2025, in Jacksonville, Fla. The Jaguars defeated the Texans 17-10.
Jacksonville Jaguars General Manager James Gladstone, left, and Tony Boselli, Jacksonville Jaguars Executive Vice President of football operations walk on the field before an NFL football matchup at EverBank Stadium, Sunday, Sept. 21, 2025, in Jacksonville, Fla. The Jaguars defeated the Texans 17-10. | Corey Perrine/Florida Times-Union / USA TODAY NETWORK via Imagn Images

With James Gladstone leading the front office, the Jacksonville Jaguars aren't afraid to make moves to improve the roster. Just recently, they traded Tyson Campbell to the Cleveland Browns in exchange for Greg Newsome in an effort to bolster their cornerback room. Based on a couple of moves, the Jags may be gearing toward taking yet another big swing.

Just before their Week 6 matchup against the Seattle Seahawks, the team's brass did a couple restructures that might put them in a position to make another trade.

The Jaguars restructured Walker Little and Dyami Brown

Michael Ginnitti of Spotrac broke the news that Jacksonville just converted $5.3 million of Walker Little's base salary into a signing bonus, freeing up $1.9 million in space, by pushing some of his cap charges to future years.

But wait, there's more. Not long after, Jacksonville converted $2.4 million of Dyami Brown's base salary into a signing bonus, adding four void years to create $1.9 million in space.

Before the moves, the Jags had around $900,000 in space. That's because trading Campbell accelerated a cap charge and left $6.1 million in dead money. On top of that, they took on Newsome's remaining salary of around $8 million for 2025.

Now, Jacksonville has $5.2 million in cap room. That may not seem like plenty, but it may just allow them to make a trade to address the larger scale roster before the Nov. 4 deadline.

The Jaguars have a track record of making big moves, what should be expected?

The Jaguars could use help at defensive tackle. Trading for someone like Dexter Lawrence or Jeffery Simmons would be huge. On the other hand, they could also look for reinforcements at tight end. There could be several available: Jake Tonges, David Njoku, or Michael Mayer.

Another possibility would be to bolster the pass rush while Travon Walker recovers from a wrist injury he suffered in Week 4. Bradley Chubb would be an option. Trey Hendrickson would be a heist. Having said that, it's not a given that James Gladstone will make a grade. He may be freeing up cap space to reward one of the Jaguars' homegrown players.

Running back Travis Etienne and linebacker Devin Lloyd are set to become free agents in 2025. Maybe Jacksonville wants to get ahead of the curve and lock up of them before they hit the open market. It may be less appealing than a trade, but it would ensure the Jaguars keep their core together for years to come.

The bottom line is that the Jaguars aren't afraid to shoot for the moon. Whether it's a trade or an extension, it will be interesting to see what they end up cooking.

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