Saints, Janoris Jenkins agree to renegotiated contract (1 Viewer)

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By John Sigler | Saints Wire

The New Orleans Saints agreed to a renegotiated contract with veteran cornerback Janoris Jenkins on Monday, as first reported by ESPN’s Field Yates. The terms of the restructured deal are unknown just yet, but it figures to have lowered the $11.25 million committed to Jenkins against the 2020 salary cap by lowering his base salary of $10.25 million.

We’re just speculating here, but past renegotiations by the Saints front office have involved adding “ghost years” onto existing contracts for accounting purposes. These are yearly payments (usually through a signing bonus) that void automatically at the end of the season, accelerating into a dead money hit when the player’s contract expires.

Full Story - Saints Wire - USA Today
 
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