The timing and contract terms were right for the Jaguars and quarterback Blake Bortles last Saturday night, according to general manager Dave Caldwell.

“The timing was driven by the fact that we wanted to get it done before the Combine and Blake wanted to get it done so he could continue his work out west and be done with it and so we knew where we [stand] for the rest of free agency,” Caldwell said Wednesday at the Scouting Combine.

Bortles’ new three-year contract included $26 million guaranteed and lowered his cap number from $19 million (which was the fifth-year option) to $10 million.

“It’s a good deal for us,” said Caldwell, who was available to answer questions for the first time since April 29. “For us, we look at our adjusted cap number and [Bortles] is less than five percent. We feel like that’s a good portion to have for your starting quarterback and it allows us the financial flexibility to take care of other positions, which Blake made it clear that he wants to try to keep this team together as much as possible.”

Bortles helped the Jaguars to a 12-7 record and berth in the AFC title game (24-20 loss to New England). He completed a career-high 60.2 percent of his passes and had five games with a passer rating of 100 (six in his first three years combined).