The New Orleans Saints agreed to a contract with veteran free agent safety Malcolm Jenkins earlier on Wednesday, and the terms of the deal have finally been revealed.
Jenkins signed a four-year, $32 million deal that could max out at $35 million if he reaches certain incentives, per the Philadelphia Inquirer's Jeff McLane. The deal includes $16.25-$16.5 million in guaranteed money, and Jenkins will receive a $9 million signing bonus.
Malcolm Jenkins has signed w/ the Saints for 4 years, $32M w/ $16.5M fully guaranteed, per NFL source. There’s a $9M signing bonus. Total number could reach $35M if he hits play time/win incentives. Jenkins’ had 1 year left at $7.6M w/ #Eagles before they declined option day ago.
— Jeff McLane (@Jeff_McLane) March 18, 2020
The #Saints have agreed to terms with safety Malcolm Jenkins, per source.
The terms are as follows:
Four years, $32M – up to 35 max – with $16.25 guaranteed.
— Jordan Schultz (@Schultz_Report) March 18, 2020
It did not take long for the Saints to pounce on Jenkins after the Philadelphia Eagles declined his option on Tuesday. Jenkins had become one of the best safeties in football during his six-year run with the Eagles, but he now returns to New Orleans, where he spent the first five years of his career.
Jenkins started in all 16 games in each of his six years with the Eagles, and he was named to the Pro Bowl on three separate occasions. The 32-year-old had a career-high four forced fumbles in 2019 while adding 2.5 sacks.
The terms of the deal will have Jenkins playing through his age-35 season. While that might seem like a reach for the Saints, Jenkins is still a ruthless competitor at strong safety, and he is unquestionably one of the more notable locker-room presences in the NFL.
Jenkins had a grade of 70+ in each of his six years with the Eagles, according to Pro Football Focus, and he provides the rare blend of coverage and playmaking as a weak-side blitzer.
Veteran safeties are certainly cashing out this offseason. Devin McCourty will make over $10.5 million in annual average after signing a two-year deal with the New England Patriots, and now Jenkins has secured even more money over the life of his deal.
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