Here's what the Janoris Jenkins signing means for the Giants

During the "legal tampering" portion of free agency New York Giants fans have anxiously been waiting for their team to make a splash. Bringing back Jason Pierre-Paul was a start. Now, however, it seems the Giants are poised to make a major splash with reports from multiple NFL insiders that the Giants are going to sign St. Louis Rams cornerback Janoris Jenkins when free agency officially gets underway at 4 p.m. ET on Wednesday.

The deal is expected to make Jenkins one of the league's highest-paid cornerbacks. There are currently six corners with contracts at an average value of $13.5 million or more.

#Giants deal with Janoris Jenkins (as reported by @AdamSchefter) will likely be in excess of $12M per year. Perhaps well in excess.

— Jason Cole (@JasonColeBR) March 9, 2016

Here is the latest estimate on the worth of Jenkins' deal:

When Giants finalize deal for former Rams CB Janoris Jenkins, it's expected to be for five-years, $62.5 million, per source.

— Adam Schefter (@AdamSchefter) March 9, 2016

When Giants finalize deal for former Rams CB Janoris Jenkins, it's expected to be for five-years, $62.5 million, per source.

— Adam Schefter (@AdamSchefter) March 9, 2016

What does this mean?

First and foremost, it almost certain means that the Giants are saying goodbye to 2011 first-round pick Prince Amukamara. It also means the Giants may not have simply replaced Amukamara, but may have upgraded from him. Here is part of what I wrote in a recent profile of Jenkins:

A 27-year-old four-year veteran, Jenkins has actually been more durable and a bit more of a playmaker than Amukamara. In his four seasons, Jenkins has played in 58 of 64 games with 10 interceptions, 48 passes defensed, and three forced fumbles. Amukamara has played in only 55 of a potential 80 regular season games in his career. In that time, he has seven interceptions, 45 passes defensed and three forced fumbles. Take this to mean whatever you will, or nothing at all if you choose, but Pro Football Reference gives Jenkins at Approximate Value of 27 for the 58 games he has played, and gives Amukamara an AV of only 18 for his 55 games.

The Giants are, obviously, serious about upgraded their league-worst defense. They have brought Pierre-Paul back into the fold, have been scouring the market for more defensive line help and could be ready to make a huge offer to Olivier Vernon of the Miami Dolphins.

The reconstruction is underway. Do you like what you have seen thus far?

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[UPDATE: 4:10 p.m. ET] -- Jenkins' contract details:

Janoris Jenkins' Giants deal: $62.5M, $28.8M gted, $10M bonus, salaries $1.4M, #12.9M, $10.9M, $10.15M, $10.15M

— Aaron Wilson (@AaronWilson_NFL) March 9, 2016