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According to ESPN’s Field Yates, the New York Giants have converted cornerback Janoris Jenkins’ base salary into a proratable bonus.
Source: the Giants converted $4.5M of CB Janoris Jenkins’ base salary into a proratable bonus, creating $3M in cap space. Needed space to begin the year.
— Field Yates (@FieldYates) September 7, 2018
Jenkins base salary was set at $4.5 million, thus, creating $3 million in cap space.
Prior to the move, the Giants had just $2.5 million in available cap space (one of the lowest marks in the league).