Why Jaguars missed out on signing Seahawks WR Jake Bobo

The Jacksonville Jaguars will not be signing Seattle Seahawks wide receiver Jake Bobo. According to the NFL Network's Tom Pelissero, the Seahawks have reportedly matched the offer sheet that the Jaguars had signed Bobo to recently. Jaguars won't be signing Jake Bobo With three years of NFL experience, Bobo was a restricted free agent.

By Seattle placing the right of first refusal tender on him, Bobo was able to negotiate with other teams, but the Seahawks would have the opportunity to match any offer, which they did in this instance. Sports Illustrated's Albert Breer would report that the Jaguars offered Bobo a two-year deal worth $5. 5 million.

Bobo also had the opportunity to earn another $1. 5 million in incentives. (This article will be updated.

) This article originally appeared on Jaguars Wire: Seahawks WR Jake Bobo remains in Seattle, won't sign with Jaguars