The 14.5 m hit next year will be mitigated by the 8.5m cap roll over from 2017.
So if we do the math its 14.5 - 8.5= 6m in dead cap for next year.
BTW just because the league makes you eat cap money doesn't mean your paying it to the player.
The Jags are on the hook for any salary or bonus money after this year.