The Jacksonville Jaguars really wanted Chris Ivory.

Like really, really bad.

According to a league source with close knowledge of the situation, the ex-Jets running back will agree to a five-year contract worth $32.5 million with between $10 and $15 million in guarantees. The deal cannot become official until the beginning of the new league year at 4 p.m. Wednesday.

The source asked not to be identified because he isn’t authorized to speak on behalf of the Jaguars.

Ivory, 27, is coming off a career year for the Jets in which he ran for 1,070 yards and seven touchdowns. The yardage total was the most of Ivory’s career, and also ranked sixth-most in the NFL a season ago.

Ivory also set personal bests in receptions (30) and receiving yards (217). It was quite the productive season for the 6-0, 222-pound back in his first as New York’s workhorse.

After originally being acquired via trade in 2013, Ivory had been a complementary player for the first two years of his New York career. This season, he was given an every-down role by the Jets new regime, and it paid off.

Unfortunately for the Jets, Ivory’s on-field success drove up his off-the-field price tag. With just $6.5 million in available cap space, New York wasn’t able to match the deal Jacksonville was willing to offer.

With Jacksonville, Ivory will pair with T.J. Yeldon, last year’s second-round pick. As a rookie, Yeldon ran for 740 yards and two touchdowns in 12 games.

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Connor Hughes is the New York Jets beat writer for the USA TODAY Sports Digital Properties. He can be reached on Twitter (@Connor_J_Hughes), or via email (chughes@usatoday.com)