The Jacksonville Jaguars have huge salary cap consequences from cutting Blake Bortles today — they’ll be charged $16.5 million against the 2019 salary cap by cutting him but they’ll get a cap credit for 2020 based on any earnings elsewhere, up to $6.5 million.
Jaguars release of Blake Bortles is not a post-June 1 designation, per source. The cap charge will be $16.5 million, but he'll be off the books for 2020.
— ProFootballTalk (@ProFootballTalk) March 14, 2019
Jags also will get a cap credit for 2020 based on any 2019 Bortles earnings elsewhere, up to $6.