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It appears the New Orleans Saints are bringing back former first-round pick Malcolm Jenkins. Ian Rappaport broke the news:
A reunion: The #Saints are close to a deal with safety Malcolm Jenkins — likely bringing back one of their former first-round draft choices and securing their back end. The #Eagles recently parted ways with Jenkins.
— Ian Rapoport (@RapSheet) March 18, 2020
Jenkins was previously with the team from 2009 to 2013 before moving on to the Philadelphia Eagles for the past six seasons where he was cut at the beginning of the league year.
There’s still no word on a contract for Vonn Bell which could mean the team is allowing him to move on after spending his first four seasons with the team.
Jenkins brings veteran leadership to a young secondary that already has Marcus Williams and CJ Gardner-Johnson at the safety positions.
UPDATE:
Details have been released on Jenkins’s new deal with New Orleans.
The #Saints have agreed to terms with safety Malcolm Jenkins, per source.
— Jordan Schultz (@Schultz_Report) March 18, 2020
The terms are as follows:
Four years, $32M - up to 35 max - with $16.25 guaranteed.
This amounts to a rough average salary of $8 million dollars per year, an absolute bargain for the New Orleans Saints. For context, Jenkins made approximately $8.4 million per year the last two seasons with the Philadelphia Eagles.
Granted, Jenkins is no spring chicken at 32 years old, but he’s still shown to have plenty left in the tank. Now, teaming up again with Thomas Morstead and Drew Brees, all three remaining active players from the Saints Super Bowl season are back on the same roster.
UPDATE:
More details have been released on Malcolm Jenkins’ new deal.
Malcolm Jenkins’ 4-year, $32M deal with the Saints includes $16.25 million guaranteed — all of which is coming in the first two years ($9M signing bonus, $1.05M base salary in 2020, $6.2M bass salary in 2021). His cap figures are $3.3M this year, then $8.45M, $10M, $10.25M.
— Mike Triplett (@MikeTriplett) March 25, 2020
This agreement continues the Saints’ trend of signing long-term deals in terms of spending but building in outs with guaranteed money being paid within the first few years via high signing bonuses and low first-year base salaries.. This also continues their trend as master of the cap, bringing in another impact piece for 2020 on only a $3.3 million hit.