TE Julius Thomas signed with the Jaguars for $46 million over five years with $24 million guaranteed.
Thomas was the #3 TE in 2013, but struggled to a #10 finish last season after dealing with torn ligaments in his ankle. He has considerable talent as a pass-catcher, but this is a huge system downgrade from Denver to Jacksonville. He'll no longer enjoy the benefits of playing in a Peyton Manning-led offense and will instead be relying on Blake Bortles to deliver the ball. If the Jaguars feature him in the passing game -- and why wouldn't they? -- he has the potential to finish as a solid fantasy TE1 provided he can stay healthy. It's certainly an upgrade for Bortles and a downgrade for Manning.