Former Jets RB Chris Ivory has agreed to sign with the Jaguars, reports Adam Schefter of ESPN.
Ivory's deal will average more than $6 million annually over five years, according to NFL Network's Ian Rapoport. USA Today's Connor Hughes said Ivory will earn $32.5 million over five years, and between $10 million and $15 million of his contract will be guaranteed.
Ivory had been looking for a deal of at least three years that paid him around $6.5 million annually, according to Kimberly A. Martin of Newsday.
Seven teams were interested in the 27-year-old running Ivory, according to Manish Mehta of the New York Daily News.
Though Ivory totaled 1,070 rushing yards and eight all-purpose touchdowns last year for the Jets, a return to New York was reportedly unrealistic.
I think we are quickly seeing that the glut of cap space this year is making a very player friendly free agency in terms of contract values. I scoffed when I heard that Ivory was looking for roughly $6.5 million per year. Credit to him on the deal with the Jags as he got what he was supposedly looking for ... or at the very least knew he would receive. Of course I'll be very curious to see what the last three years of the deal looks like and I am dubious that he remains on the contract past two years.
I have no idea why the Jags spent the money that way after gushing all season about TJ Yeldon and his potential as a three-down back, but teams like the Jags have money to burn so Ivory should be a good insurance policy and goal-line back for them. Maybe between the two of Yeldon and Ivory, they can remain healthy and carry the mail for the Jaguars over the course of the season. Good luck to Ivory, he's been a solid part of the Jets and he'll be missed but for the sort of contract he got you can hardly blame him.