BREAKING: Jaguars GM Announces Decision to Part Ways with Former First-Round Pick Worth $12.9M to Preserve High Draft Capital for Upcoming Draft — Agents Now Exploring Next Team Options

The Jacksonville Jaguars have made a significant decision regarding the future of linebacker Devin Lloyd, opting to decline his fifth-year contract option for the 2026 season, effectively parting ways with the former first-round pick. The decision, officially announced by general manager Trent Baalke, signals the end of Lloyd’s tenure in Jacksonville, as he is now set to become a free agent in March 2026 unless a last-minute extension is reached.

The primary reason behind the Jaguars’ decision to decline Lloyd’s $14.75 million option is financial flexibility. With Jacksonville facing serious salary-cap challenges—projected to be $24–30 million over the cap in 2026—Baalke is prioritizing long-term roster planning. By allowing Lloyd to enter free agency, the Jaguars are positioning themselves to receive a compensatory draft pick, potentially ranging from a third- or fourth-round selection, and possibly as high as a first- or second-round pick if Lloyd signs a lucrative deal with another AFC team.

This calculated move aligns with the Jaguars’ long-term vision, enabling the franchise to invest in more cost-effective options at linebacker or edge rusher rather than committing to a $10–15 million per year contract for Lloyd, whose 2025 performance failed to meet expectations. Despite his first-round pedigree, Lloyd’s season was marked by inconsistency and injuries. While he showed flashes of high-level potential, his overall production fell short, and limited availability ultimately pushed the Jaguars to explore alternative solutions—likely through the 2027 NFL Draft.

Lloyd’s Agents Now Exploring Options

As Devin Lloyd enters free agency, his representatives are actively evaluating potential landing spots for the talented linebacker. Market projections suggest he could command a three-year deal worth approximately $27 million (around $9 million annually), placing him among the top linebackers available on the open market. Teams such as the New York Jets, Los Angeles Rams, and Tennessee Titans have emerged as potential suitors.

While Lloyd’s future remains uncertain, his exit from Jacksonville is largely a product of the Jaguars’ need to manage cap space and prioritize future draft assets over retaining a player with injury concerns and uneven performance. The decision to move on from Lloyd—once viewed as a cornerstone of the defense—underscores the difficult, business-driven choices NFL teams must make to ensure long-term competitiveness and financial stability.

Jaguars Boast Stronger Depth at Linebacker

The Jaguars’ decision also reflects growing confidence in their linebacker depth. With established defensive leaders such as Josh Allen, Travon Walker, and Foyesade Oluokun anchoring the unit, Jacksonville believes it is well-equipped to move forward without Lloyd. This offseason move highlights the unforgiving reality of the NFL, where roster construction often requires sacrificing promise for flexibility and future opportunity.

Looking Ahead

For Jaguars fans, this move serves as a clear reminder that the NFL is, above all else, a business. Difficult decisions are inevitable. Devin Lloyd’s chapter in Jacksonville may have closed, but his career is far from over, and a fresh start elsewhere could give him the opportunity to rediscover his best form.

As free agency draws closer, attention will remain fixed on Lloyd’s next destination. One thing is certain: while his time in Jacksonville appears to be over, the next chapter of his NFL journey is just beginning.