Giants creates USD 3 mn in cap space, restructures Janoris Jenkins' contract

Giants created $3 million in cap space Friday by restructuring cornerback Janoris Jenkins' contract, ESPN reported.

The New York Giants created $3 million in cap space Friday by restructuring cornerback Janoris Jenkins' contract, ESPN reported.

To free the space, the Giants converted $4.5 million of his base salary into a proratable bonus. That gives them some cap space to begin the season.

According to Spotrac, the Giants have $4.24 million in cap space available, more than only Carolina, Denver, New Orleans, and Green Bay. In contrast, the Cleveland Browns and Indianapolis Colts each have more than $50 million.

Jenkins is in the third year of a five-year, $62.5 million deal he signed in 2016. Jenkins will earn a $10.9 million base salary this season and $10.15 million in 2019.

Last season, he was plagued by injuries and played in nine games and had 30 tackles, three interceptions -- two returned for touchdowns -- and a forced fumble.