The Jacksonville Jaguars announced the surprising release of WR Gabriel Davis, who had 2 years, $25.5M remaining on the free agent contract signed in March of 2024.

Davis was active for only 10 games in 2024, securing 20 catches (2 TDs) over that span. Jacksonville still owes the 26-year-old $11M of fully guaranteed salary for the upcoming season, factoring into $20.3M of total dead cap.

If the Jaguars designate this release a Post 6/1 move, they can split that dead cap into:
2025: $5.7M
2026: $14.6M

The $11M guarantee for Davis is subject to offset language, meaning the final cost for Jacksonville will be reduced by the amount Davis is able to earn elsewhere in 2025. He's likely to latch on with a new team at a league minimum $1.17M.