Chris Ivory

One of the stalwarts of the New York Jets' offense won't be returning to the team in 2016.

Running back Chris Ivory, who racked up more than 1,000 yards last season, will sign with the Jacksonville Jaguars after NFL free agency opens on Wednesday, a source told NFL Media Insider Ian Rapoport.

In addition, the Jaguars are planning to release Toby Gerhart on Wednesday, a source told Rapoport.

Related players: T.J. Yeldon

Ivory reportedly got approximately $6 million a year which is quite surprising considering the team's other needs, the presence of T.J. Yeldon and the fact that Ivory is mainly a two-down player. The signing is obviously bad news for Yeldon's stock, which is dependent on expected volume. Ivory is a pretty good runner and it's conceivable that the duo will form a timeshare in 2016.