In restructuring Janoris Jenkins' contract, the Saints lowered his cap number to $4.05M by converting $9M of his pay into a signing bonus, creating $7.2M in space. Jenkins remains a free agent after this season, with the Saints adding two void years.
Just how much salary cap space did the New Orleans Saints create in their restructured contract with veteran cornerback Janoris Jenkins? ESPN’s Field Yates followed up his initial report on the agreement with details, finding that the Saints opened up about $7.2 million in this maneuver. But it’s important to remember that it’s not the same thing as Jenkins taking a pay cut, and the Saints haven’t really saved any money here.