The Jaguars have a host of needs and plenty of cap space to fill holes.

The cornerback position is a glaring need as the roster stands right now. Even if the Jaguars re-sign incumbent starter Prince Amukamara, they could address the position again in free agency or the draft.

However, it doesn't appear that the Jaguars are eager to bring back Amukamara.

With an abundance of talent at cornerback in free agency, it seems the Jaguars will let Amukamara test the market to find his value.

"He's out there, he's in the process right now of unrestricted free agency," Jaguars head coach Doug Marrone said of Amukamara. "I think if anything else, we're looking to better our team. We didn't win a lot of football games so whichever way we can better our team, in a lot of different ways there's so much improvement in what we need. He's out there right now and we'll just see how this process takes us, where who is looking at him and we're talking to him and we'll see where it ends up."

In free agency, everyone overpays, especially at the most important positions. Although Amukamara plays at a premium position and has ties to defensive backs coach Perry Fewell, it appears the Jaguars aren't anxious to overpay for his services.

It's an understandable stance when you consider Amukamara didn't win the starting job coming out of training camp and failed to produce a turnover throughout his debut season with the Jaguars.

Players like A.J. Bouye, Dre Kirkpatrick, Logan Ryan and Stephon Gilmore played at a higher level last year and created turnovers. Their production is worthy of the eight-figure salaries starting cornerbacks will demand on the open market.

The Jaguars can wait and let the market dictate Amukamara's value. If they can agree on a deal with an outside presence at cornerback on March 9, it probably won't matter what he's worth.

Amukamara settled for a one-year deal last offseason. It's hard to see how he has raised his value to the point where he has leverage over the Jaguars as free agency inches closer, especially when you consider the talent of the draft class at cornerback.

More News & Notes

- The franchise tag deadline came and went on Wednesday afternoon at 4 p.m. The Jaguars - predictably - failed to designate any players with the tag.

- The Jaguars are expected to meet with the representatives of multiple internal free agents at the NFL Combine this week.

- Despite reports that free safety Peyton Thompson is a restricted free agent, it turns out he is actually an exclusive rights free agent. This means that only the Jaguars can negotiate with Thompson. Running back Daryl Richardson is the team's lone restricted free agent. He has yet to receive a restricted tender.

Follow Mike Kaye on Twitter at @Mike_E_Kaye.