One way to OVERPAY a Free Agent and not go overboard on his annual salary is to guarantee more money upfront, perhaps by making the first year a bigger contract than subsequent years.

 

Khan has the money to write the checks.

 

The Jags have the salary cap to take large cap hits on a player.

 

If you give a player a large signing bonus then you are giving him the ultimate security because you pay him upfront.

 

So the Jags may not have to pay 120% to 130% in terms of the average annual contract amount, rather they just need to pay more guaranteed money in the first year like a signing bonus.

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