NASHVILLE — In adding Julio Jones to their roster, the Tennessee Titans are in prime position. Adding such a prolific player, however, comes with substantial salary cap implications.

Shocking to no one.

Restructuring Tennessee quarterback Ryan Tannehill’s contract and adding two voidable years to his deal alleviated enough room to add Jones and then some. Many Titans fans look at the figures and jump to the conclusion that there is still ample space to fit a veteran contributor under the cap. Tennessee’s reality, as is often the case, is further away from adding more substantial pieces.

What do the Titans finances look like right now

As Ian Rapoport initially reported, the Titans did a simple restructure of Tannehill’s contract to create more than $15 million in cap space.

The move was a necessity to facilitate the addition of Jones’ $15.3 million in guaranteed cash. Tennessee GM Jon Robinson went a step further in adding the voidable years to create over $18 million in room. The Titans had $3.9 million prior to trading for Jones and stand to recoup $2.25 million from the retirement of cornerback Kevin Johnson. 

Tennessee Titans Julio Jones
Oct 18, 2020; Minneapolis, Minnesota, USA; Atlanta Falcons wide receiver Julio Jones (11) looks on during warm-ups before a game against the Minnesota Vikings at U.S. Bank Stadium. Mandatory Credit: Nick Wosika-USA TODAY Sports

After all of that, projects Tennessee to be sitting on just over $9.5 million when accounting for the Top 51 contracts

Who can Tennessee add?

The reality is the Titans would likely need more cap gymnastics to add another vet.

For context, three of Tennessee’s 2021 eight-man draft class remains unsigned as of Wednesday. Practice squad players will cost roughly $3 million and a pool for potential injury replacement players can range anywhere between $6-9 million.

One cannot completely rule out extensions for players currently on the roster to provide immediate cap relief. Restructures after Tannehill seem infinitely less likely.

The Titans are in good position as currently constructed. To add more notable role players risks mortgaging their future financial health.