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Janoris Jenkins agrees to extension contract with Saints to lessen 2020 cap hit, details updated

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Mickey Loomis just doing Mickey Loomis things.

NFL: NFC Wild Card-Minnesota Vikings at New Orleans Saints Derick Hingle-USA TODAY Sports

The New Orleans Saints and CB Janoris Jenkins have reportedly agreed to a renegotiated contract to keep Jenkins with the Saints in 2020 with a lower cap hit.

We all know Mickey Loomis is going to create cap space any way he can, and this move is just one of those ways.

It’s unknown at this time how much cap space this restructure freed up in 2020 and how much of it was used for the re-signings of Noah Spence and Deatrick Nichols.

Check back for updates.


UPDATE MARCH 25: According to Ian Rapoport, the final two years of the Jenkins deal will not void as previously reported. Jenkins will be part of the Saints’ plans for the next three seasons, with Nick Underhill reporting his first year’s cap hit being $5.05 million as opposed to the $11.25 million he was initially scheduled to make in 2020.

In lieu of being voided, Jenkins’ final two years will be option years, per Underhill.

Jenkins was one of the last dominoes to fall for the Saints in terms of restructuring contracts, and for New Orleans moving forward it will give them cornerback duo of Marshon Lattimore and Jenkins for the foreseeable future.

Loomis has made quite a few moves this offseason in-house, with this being the latest. Patrick Robinson, Kiko Alonso, Terron Armstead and Michael Thomas have all restructured their contracts to massage their cap hits this year, so this is just the latest bit of housekeeping. It is notable that Jenkins is an outright extension, so the Saints were clearly impressed with what they saw in his limited audition last season.


UPDATE MARCH 23:

Details on the exact form of the renegotiated contract and the cap space created have come out.

Adding void years to pay out a signing bonus over time is one of Loomis’s favorite moves, having done so with Drew Brees, Terron Armstead, and Michael Thomas this offseason.

We have only just gotten out of the salary cap nightmare of recent memory, but with the addition of all of these void years on future deals, it’s going to come back again sooner rather than later.