Saints sign S Sorensen

K Major · 03-25-2022, 06:08 PM

Originally Posted by jeanpierre

Puzzling signing - Is Malcolm Jenkins on the move? retiring?

I think he will retire before training camp starts.

RailBoss · 03-27-2022, 01:54 PM

Originally Posted by K Major

I think he will retire before training camp starts.

For Jenkins, Terrell reports, the changes are considerable. Jenkins took a pay cut to reduce his base salary to the league minimum in both 2022 ($1.12 million) and 2023 ($1.165 million), the final two years of his contract. Unlike most restructures, he did not receive a signing bonus and no void years were added. This is the same maneuver the Saints took with Drew Brees prior to his retirement to help ease the salary cap hit once he was ready to step away from the game.

Jenkins, 34, could also be considering retirement. He’s won two Super Bowls in two different NFL cities and has wide-ranging business interests outside of football. There’s another shoe waiting to drop unless he’s planning to play out his deal while earning the veteran’s minimum. Whether that means retirement or an extension (which the Saints would have done in the first place) is unclear. If he does decide it’s time to retire from football, the Saints could designate him a post-June 1 cut (again, as they did with Brees) and carry minimal dead money charges of $3.95 million in 2022 and 2023.

03-25-2022, 06:08 PM	#1
K Major Site Donor 2019 Join Date: Jan 2013 Location: Bedford, TX Posts: 24,831 Blog Entries: 3	Re: Saints sign S Sorensen Originally Posted by jeanpierre Puzzling signing - Is Malcolm Jenkins on the move? retiring? I think he will retire before training camp starts. RailBoss likes this.

03-27-2022, 01:54 PM	#2
RailBoss 5000 POSTS! + Join Date: Dec 2004 Location: South Of The Mason Dixon Line Posts: 7,113	Re: Saints sign S Sorensen Originally Posted by K Major I think he will retire before training camp starts. For Jenkins, Terrell reports, the changes are considerable. Jenkins took a pay cut to reduce his base salary to the league minimum in both 2022 ($1.12 million) and 2023 ($1.165 million), the final two years of his contract. Unlike most restructures, he did not receive a signing bonus and no void years were added. This is the same maneuver the Saints took with Drew Brees prior to his retirement to help ease the salary cap hit once he was ready to step away from the game. Jenkins, 34, could also be considering retirement. He’s won two Super Bowls in two different NFL cities and has wide-ranging business interests outside of football. There’s another shoe waiting to drop unless he’s planning to play out his deal while earning the veteran’s minimum. Whether that means retirement or an extension (which the Saints would have done in the first place) is unclear. If he does decide it’s time to retire from football, the Saints could designate him a post-June 1 cut (again, as they did with Brees) and carry minimal dead money charges of $3.95 million in 2022 and 2023.