4 veterans that the Jacksonville Jaguars can release in 2024 to bolster cap space

• The Jaguars won't be hurting for cap space in 2024

• Still, they could get a bit of relief by making a few moves

• That includes parting ways with these 4 veterans

Jacksonville Jaguars wide receiver Zay Jones (7) comes up limping during the fourth quarter.
Jacksonville Jaguars wide receiver Zay Jones (7) comes up limping during the fourth quarter. / Corey Perrine/Florida Times-Unio / USA
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The Jacksonville Jaguars are poised to have a busy offseason in 2024. Besides having to give outside linebacker Josh Allen a new contract, there will be a handful of players in line for extensions. In particular, a handful of draftees from their 2021 class will be eligible for new deals, and the sooner the Jags lock them up, the less money they'll have to fork out.

While Jacksonville isn't in dire need of cap space, they could make a few moves to have a bit of cushion. Giving new contracts to linebacker Foyesade Oluokun and safety Rayshawn Jenkins would make sense, or in the worst-case scenario, restructure them both.

Also, it would help the Jags to release these four veterans, who could be cap casualties due to the cap figure they're slated to have next year.

4. Zay Jones, WR

The Jaguars became the laughingstock of the NFL for giving wide receiver Zay Jones a three-year deal worth $24 over three years even though he had tallied 800 yards or more in a season just once in his career at the time of the signing.

However, criticism faded once Jones set new career bests for catches and receiving yards in a season in his first year donning the Black and Teal. Unfortunately, he hasn't been able to pick up where he left off in 2022. A knee injury has hindered his production in 2023, limiting him to just eight games and 274 yards on 28 catches.

There's a chance Jones will bounce back next season but the Jaguars could benefit from the extra relief they would get by releasing him. The East Carolina product is slated to have a cap hit of $11.01 million but moving on from him would create $4.4 million in space with $6.5 million in dead money.

Like most players on this list, Jones' production simply doesn't match his price tag. Barring a late surge in 2023, moving on from him next year is a reasonable course of action.