Jacksonville Jaguars sign CB Preston Hodge

Preston Hodge's three-year, $3.1M deal with the Jacksonville Jaguars — carrying a $1.04M AAV — represents a fair, low-risk depth signing that fits the profile of a minimum-caliber cornerback filling out the back end of a 53-man roster. At that price point, you're not expecting a starter; you're expecting a special teams contributor and emergency option who keeps a seat warm without denting the cap, and this contract delivers exactly that kind of financial flexibility. The near-total absence of guaranteed money — just $67.5K locked in — is the clearest signal of where Hodge sits on Jacksonville's depth chart: he's roster filler who earns a C+ Contract Value Index (CVI), reflecting a deal that's neither a steal nor a liability but simply an unremarkable placeholder move. The CVI steadies out at that grade because the contract structure eliminates meaningful financial risk — cutting Hodge at any point costs the Jaguars essentially nothing, which is precisely the kind of cap hygiene a 13-4 team protecting its #3 AFC seed needs as it eyes the regular season. Three years of team control at this AAV is actually a reasonable upside mechanism if Hodge develops into a serviceable depth piece, but the minimal guarantee tells you Jacksonville isn't banking on that outcome. This is the type of signing that doesn't move the needle in either direction — it's competent roster management, nothing more.