The Jacksonville Jaguars had the most salary cap space of any team in the entire NFL heading into the offseason, and they took full advantage. The Jaguars had 5 premium targets in free agency and they managed to land three of them – tight end Julius Thomas, right tackle Jermey Parnell, and defensive end Jared Odrick.
As you can with basically any contract in free agency, the argument could be made the Jaguars overpaid all of these players to some extent. That’s the nature of free agency in the NFL, especially when teams have a significant amount of cap space to spend.