The Jaguars are unlikely to cut ties with Mike Thomas this year because his 2012 base salary and $1 million of his 2013 salary is guaranteed.
Thomas was a massive disappointment in 2011 and apparently hasn't looked good in OTAs, but his roster spot is safe. On top of the salary guarantees, Thomas received $1.5 million of a $3.5 million roster bonus in March. The other $2M will be paid next spring. Thomas will still have to fight off Cecil Shorts to be the Jags' slot receiver between Justin Blackmon and Laurent Robinson.