NFL Network's Rand Getlin was the first to report the deal on Wednesday and noted that Jenkins will be the second-highest-paid cornerback, behind only Darrelle Revis. Getlin also reported that sports agency Schwartz & Feinsod "negotiated a deal that has [$29 million] fully guaranteed at signing. Will pay him [$40 million] over the first [three years]."
Ian Rapoport of NFL.com was the first to report the former Los Angeles Rams star is expected to make more than $12 million per season. ESPN's Adam Schefter, citing a source, reported the deal is "expected to be for five years, $62.5 million."
"I want to thank the city of St. Louis for giving me incredible love the past four years," Jenkins said on Twitter. "I want to thank the entire Ram organization, especially Coach Fisher for believing in me. Words cannot express my gratitude."
Jordan Raanan of NJ.com provided more comments from Jenkins:
Janoris Jenkins says his top skill is "playing man to man." What he needs to improve is "stop being lazy at end of games." #Giants— Jordan Raanan (@JordanRaanan) March 10, 2016
"I feel the pressure. Coming to an organization like this, you always feel the pressure," Jenkins explained, per Raanan.
Jenkins also indicated he'll "talk a little trash, have a little fun and lead by example," per Patricia Traina of Inside Football.
The Rams drafted Jenkins, 27, in the second round of the 2012 draft. He's since developed into a highly polarizing player, meaning there probably won't be a consensus about whether the deal represents a good value.
He's showcased terrific playmaking ability through his first four seasons in the league. He has intercepted 10 passes and taken five of them back for touchdowns, which is a remarkable rate.
On the flip side, those big plays are born from an aggressive style that often leaves him out of position and prone to giving up a lot of completions. Analysis from Bleacher Report's Ian Wharton showed his "burn percentage" was 36.9 ahead of the 2015 season, meaning he got beat on more than one out of every three plays in his direction.
He did make some strides in that area, however, and he graded out as Pro Football Focus' 25th-ranked corner for 2015. NFL on ESPN posted on Twitter about Jenkins' impressive stats since entering the league:
Since 2012, Janoris Jenkins has 10 Int & 35 pass breakups. He is 1 of 5 players to reach those benchmarks. pic.twitter.com/IBcwGCzL4D— NFL on ESPN (@ESPNNFL) March 9, 2016
So, while he may provide the occasional game-changing spark, his week-to-week play can certainly improve.
Clearly, the Giants were comfortable enough with his high-risk, high-reward approach to hand him a significant contract.
The reported deal with New York comes after Jenkins cut off extension talks with the Rams back in October, opting instead to wait until the campaign was over. He explained that decision to Nick Wagoner of ESPN.com: "It's over for the season. After football [season], I'd be glad to sign back with them but as far as the season, I just want to focus on football."
That's not an uncommon approach, especially for players with less certain market values such as Jenkins. It amounts to betting on yourself, and it appears as though the talented corner hit the jackpot in free agency.
With cornerbacks Prince Amukamara and Jayron Hosley hitting the open market, the G-Men needed a complement to Dominique Rodgers-Cromartie, and they are getting it in the form of Jenkins.
Now, the question is whether he can make the necessary adjustments to become an even more reliable option on the outside. It's not fair to expect him to become a lockdown corner, but if he can start limiting his mistakes, especially in terms of continuing to allow fewer big plays, it will be a major step toward being a top-10 or top-15 corner.
All told, Jenkins has always been an exciting player. Now, it's time for him to showcase a little more consistency to prove he's worth the investment.