Jaguars To Release Carlos Hyde

The Jaguars showed Malik Jackson the door, and Carlos Hyde will follow him out. The running back will be released by the Jaguars on Friday, according to Tom Pelissero of NFL.com (on Twitter). 

The Jaguars tried to trade Jackson and Hyde, but couldn’t find a worthwhile deal. Hyde, who joined the Jaguars in a midseason trade with the Browns, had two years left on his deal but nothing in the way of guarantees. Understandably, clubs passed on trading for Hyde and taking on a $4.7MM cap hold. Hyde will now get an early crack at free agency before the market formally opens on Thursday.

Last year, Hyde ran for 189 yards and zero touchdowns in his eight games (two starts) with Jacksonville. In theory, Hyde could have returned on a lesser deal to help stopgap Leonard Fournette, but the Jags will instead look in another direction. Fournette could be backed up by T.J. Yeldon, but that would require re-signing the impending free agent.

The Jags have opened up significant cap room by dismissing Hyde and Jackson – by our calculation, they’ve gone from having $2.6MM in space to roughly $20MM by virtue of the two cuts.

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