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Terms of the deal have yet to emerge, but New York Newsday's Kimberly Martin reported earlier Tuesday that Ivory wanted roughly $6.5 million a year -- and a minimum three-year deal.
Whatever the case, Ivory, who turns 28 on March 22, set career highs with the New York Jets
last season for carries (247), rushing yards (1,070), rushing touchdowns (seven) and receptions (30), showing he could contribute in the passing game.
Ivory shared time with Bilal Powell and Chris Johnson in 2013 and 2014, but he quickly established himself last season as the featured back under new coach Todd Bowles.
It was the first 1,000-yard season in his career on any level, and it was good enough to lead the AFC. Ivory played in the Pro Bowl as a replacement player.
Ivory will now pair with Yeldon to form a backfield tandem that could take some of the offensive pressure off quarterback Blake Bortles. As Profootballtalk.com's Curtis Crabtree suggests, Ivory’s bruising style should be a good complement to Yeldon’s ability.
Yeldon had a nice season as a rookie with 740 yards and two touchdowns in 12 games.
But from an individual fantasy perspective, it's far from ideal for either player. From a team perspective?
That's a different story.
A unit with Ivory and Yeldon in the backfield and Allen Robinson, Allen Hurns, Marqise Lee and Julius Thomas as Bortles' pass catchers could score a lot of points this fall.
But until we get a handle on the division of workload in the backfield -- something that may be impossible to predict with any consistency, this isn't the move fantasy owners were looking for.
In a related note. ... The Jaguars are planning to release Toby Gerhart on Wednesday, a source told Rapoport.
Also of interest. ... Defensive end Malik Jackson confirmed to ESPN's Josina Anderson on Tuesday that a report he is leaving the Broncos to join the Jaguars is true and he has agreed to a deal with Jacksonville.
NFL Network reports that Jackson's deal is for six years and worth $90 million, averaging $15 million per season.
This will be the third consecutive year the Broncos have lost a prominent player to the Jaguars via free agency.
Following the team’s Super Bowl 48 appearance to finish the 2013 season, Broncos left guard Zane Beadles signed a five-year, $30-million contract with Jacksonville. (Beadles was released last week after collecting $12 million in two seasons). Last year, Thomas received a five-year, $46-million contract with the Jaguars. And now, the Jags are getting Jackson.