The Jaguars converted linebacker Telvin Smith‘s $8MM roster bonus into a signing bonus, according to Field Yates of ESPN.com (on Twitter). The roster bonus was due on Sunday, but the blow to this year’s cap has been lessened thanks to this maneuvering. 
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The Jaguars also created room on Tuesday by releasing wide receiver Allen Hurns and tight end Marcedes Lewis. Those moves plus the Smith restructuring have created roughly $16.75MM in additional cap space for Jacksonville.
Smith, a former fifth-round pick, has become a major contributor for the Jags. Last October, Jacksonville rewarded him with a four-year extension worth $44MM plus incentives that can push the value of the deal to $50MM. The 26-year-old (27 in April) is fast enough to play in coverage, but has also been stellar against the run.