Alex Smith is likely going to miss the entire 2019 season. I'd love to see a deal where we send Bortles to Washington in exchange for a late pick.
Right now we need Idzik to work some serious magic in order for the team to make improvements. Spotrac currently has the team at a -10 million in cap space.
The best moves to fix this situation would probably look like:
Release Marcell Dareus - 8.335 salary 2019. $0 dead cap if released
Release Tashaun Gipson - 7.250 salary 2019. $800k dead cap post 6/1/19 release. 1.6 million if released pre 6/1.
Restructure Calais Campbells remaining deal. (12 mil '19, 15 mil '20)
Move Blake Bortles without taking on much return salary
Release Seferian-Jenkins. 4 mil '19 salary. 1.855 dead cap.
Release Malik Jackson. 13 mil salary 2019. 4 mil dead cap. Could possibly trade him instead but a release seems more likely.
Now its obviously doubtful that all of this would occur. I think in order of most likely you'd see - Campbell restructured, Dareus released, Gipson released, Seferian-Jenkins released, Bortles traded, Jackson released. If all of these moves were done the Jags would have some serious holes to fill but it could be a $40ish million swing in cap space. All I know is Idzik has some work to do.