The Jaguars have agreed to trade cornerback AJ Bouye to the Broncos, per ESPN.
The trade won't be official until March 18th, when the new League Year begins. In exchange for the former Pro-Bowl cornerback, the Jaguars will receive a 2020 fourth-round pick.
Following an elite first season with the Jaguars in 2017, in which Bouye picked off six passes and allowed a passer rating of just 49.6, the 28-year-old cornerback has seen a drop off in his level of play. Over the last two seasons, Bouye has still been a quality starting cornerback, but his price tag of $15.4M was too much for the (somewhat) cash strapped Jaguars to bear. Trading Bouye will save the Jaguars $11.4M against the cap in 2020, and allow them the flexibility to attack other areas of need in free agency.
The Jaguars now have a massive hole at the cornerback position. Tre Herndon figures to start on one side. After a surprisingly solid first year in the starting lineup for Herndon, the young cornerback projects to be at least an average starter. DJ Hayden will likely continue to man the nickel cornerback spot, a role in which he's excelled over the last two seasons in Jacksonville. But that leaves the other starting outside cornerback slot wide open. The only other cornerbacks currently on the Jaguars roster are Parry Nickerson and Brandon Watson, neither of whom have much in the way of NFL experience.
The Jaguars will undoubtedly look to address the cornerback position in free agency and the upcoming draft.
Follow Jordan on Twitter for all the latest Jaguars news and analysis.