The Jaguars have $40.6 million in available salary cap space, according to ProFootballTalk, which is the fourth highest of all teams.
Above the Jaguars are the Bengals ($49.9 million under), Broncos ($44.7 million under) and Buccaneers ($42.7million under).
The 2012 salary cap has been set at $120.6 million, according to Jay Glazer, which is just $225.00 more than last years number of $120.375 million.