The Tennessee Titans will see some wage cap reduction this week, as nearly all of the cash that was to be allotted to large receiver Julio Jones will come off the books.
Jones was designated as a post-June 1 launch, which implies $9.5 million of his 2022 wage will come off the books, leaving Tennessee with a $4.8 million dead-cap cost.
There was a ton of hype surrounding Jones in his first season, however he by no means met these expectations because of harm and his making a minimal affect when wholesome, resulting in his launch. Jones stays on the open market.
In line with Over the Cap, the Titans have $3.1 million in cap area earlier than the transfer turns into official, so assuming that’s appropriate they’ll have over $12 million to work with.
With the cash freed up, we’re a number of potentialities for the way the Titans can use the cash.
A kind of need to do with the group inking their remaining unsigned draft picks, of which there are two: quarterback Malik Willis and cornerback Roger McCreary.
Additionally, Tennessee may allocate a few of these funds for a brand new veteran large receiver, one thing the group might use with so many query marks on the place going into 2022.
The one piece of Julio that will likely be left in Tennessee after Thursday is the dead-cap hit he carries. Jones’ brief and disappointing tenure is simply the newest in a protracted line of veteran receivers not understanding in Nashville.