Dumping Garrard saves $8.075 million in cash and cap space

As of last week, the Jaguars had $28 million in 2011 salary cap space. They now have even more. Per a source with knowledge of former starting quarteback David Garrard’s contract, he was due to earn a base salary of $8.075 million in 2011.  Now, not. Also, because there is no remaining bonus allocation applicable…