Report: Giants adjust Janoris Jenkins' contract to free up cap space

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As of Thursday, the New York Giants had roughly $2.55 million in remaining salary cap space, which was among the lowest totals in football. But that has now changed. ESPN’s Field Yates reports that the Giants made a substantial adjustment to the contract of cornerback Janoris Jenkins, converting $4.5 million of the Jackrabbit’s base salary into a proratable bonus. Because of the adjustment, the Giants created $3 million in additional cap space. After the savings on Jenkins’ contract, the current math puts the Giants at about $5.55 million in salary cap space entering Week 1. Those figures have yet to be updated by the NFLPA, Spotrac or Over the Cap. Jenkins is currently in the third year of a

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