Time to restructure Jenkin's (Janoris) contract

You can't restructure a one-year contract. You can only extend it.

The reason for not extending it yet (and lowering this year's pay) is pretty simple. There's no need to do it if you don't have anyone to spend the money on.

This. Jenkins was at the top of my list of offseason moves to clear space. If you don't need to clear space then why worry about it.