According to Jason Fitzgerald of OverTheCap.com, the Giants freed up $825,000 by restructuring the contract of DT Cullen Jenkins.
- Aaron Wilson reports that Jenkins agreed to reduce his 2015 salary from $2.2 million to $1 million.
- Jenkins will carry a cap figure of $2.091 million next season.
- He receives a $250,000 guaranteed, per-game roster bonuses totaling $500,000, total workout bonuses of $50,000 and $100,000 available in incentives.
The Giants had around $16 million in available cap space to work before this move. which should help their odds of retaining free agent DE Jason Pierre-Paul.
Jenkins, 34, is entering the final year of his three-year, $8 million contract that included $3 million guaranteed. He stands to make a base salary of $2.2 million for the 2015 regular season.
He previously had a cap figure of $2,916,668 before agreeing to rework his contract.
In 2014, Jenkins appeared in 12 games and recorded 16 tackles, one sack, a fumble recovery and a pass defense for the Giants’ defense.
Pro Football Focus rated him as the No. 33 defensive tackle out of 81 qualifying players last season.
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