The good news for Jaguars fans may be the fact that Khan is willing to spend money to acquire players, but despite having the fourth highest payroll in the league in 2012 his team only managed to muster two wins. The Jaguars had $140 million in payroll meaning Khan paid an astronomical $70 million per win last season, not exactly a great return on his investment.
The Jaguars were behind the New Orleans Saints ($167 million), Tampa Bay Buccaneers ($158.2 million) and Buffalo Bills ($143.9 million) in terms of payroll. None of those four teams made the playoffs in 2012, putting a dent in the theory that there is a correlation between spending and success in the NFL.
These teams were allowed to spend over the $120 million salary cap in 2012 because they rolled over some of the previous salary cap that went unused in 2011.
The Jaguars 2012 salary cap number was inflated by some big signing bonuses that the team handed out last offseason. Wide receiver Justin Blackmon got an $11.9 million bonus, wide receiver Laurent Robinson got $8 million and defensive end Jeremy Mincey also got $8 million.
According to reports, the Jaguars are currently sitting at just $2 million under the 2013 salary cap and do not have any plans to roll over any cap room. This may be an indication that the Jaguars will not be major players in free agency this offseason as they try to work around some bad contracts handed out by the Gene Smith regime.