WEDNESDAY, 3:51pm: The Jaguars have officially signed Gerhart, tweets Michael DiRocco of ESPN.com.
TUESDAY, 8:28pm: The Jaguars have agreed to sign running back Toby Gerhart, tweets Ryan O’Halloran of the Florida-Times Union. Gerhart received a three-year deal worth $10.5MM with $4.5MM in guaranteed money, reports Ian Rapaport of NFL.com in a tweet.
It was expected for Gerhart to leave in free agency, but it may be a surprise that he was worth so much on the open market. It is reminiscent of the contract Shonn Greene signed a year ago to become Chris Johnson‘s backup, money that looks too big in retrospect, and seemed large at the time. The Jaguars had a lot of cap space to work with, but they must plan to give Gerhart a chance to carry the ball at those figures.