Jacksonville Jaguars’ linebacker Devin Lloyd is set to be a free agent this offseason. Will he return on a new deal or head elsewhere?
ESPN’s Michael DiRocco recently took a closer look at this situation. As DiRocco described, with the franchise tag for Lloyd being $27.45 million, per Over the Cap, the Jaguars are unlikely to use that method to retain him.
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This means that Lloyd could end up hitting the open market.
«The estimated franchise tag for linebackers, per OverTheCap.com, is $27.45 million,» DiRocco wrote. «That’s a high number to spend on a linebacker who doesn’t pass rush and the Jaguars are unlikely to use the tag, so Lloyd will be a free agent.»
Now, the Jaguars could attempt to work out an extension before free agency — although Lloyd may prefer to see what his market looks like since he’s coming off a career year.
And even if Lloyd does up a free agent, the Jaguars could still re-sign him, but they will then be competing with a number of other teams to do so.
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According to Spotrac, Lloyd is projected to land a three-year contract worth $60.4 million.
Lloyd had flashed during his first three seasons, but his play was sporadic as well. So last offseason, GM James Gladstone did not pick up Lloyd’s fifth-year option for the 2026 season.
Lloyd then went on to make the Pro Bowl and be named a second-team All-Pro. He did a bit of everything for this Jaguars’ defense.
If Lloyd ends up on a new team, the Jaguars will have a big void to fill at linebacker next to Foye Oluokun.
This article originally appeared on Jaguars Wire: 2026 NFL free agency: Will Jaguars re-sign LB Devin Lloyd?
