The Jacksonville Jaguars are declining the fifth-year option for linebacker Devin Lloyd, ESPN reported Wednesday.
Lloyd, 26, would have been due a guaranteed $14.571 million in 2026 had the Jaguars picked up his option.
Instead, the 27th pick in the 2022 NFL Draft will hit the free agent market after the 2025 season.
Lloyd has recorded 355 tackles, four interceptions, four fumble recoveries and two sacks in 48 games (46 starts).
He led the Jaguars in tackles in 2024 (113) and was second on the team in 2023 (127) and third in 2022 (115).
NFL teams have until Thursday to exercise the fifth-year options for 2022 first-round draft selections.