Considering how the Jets structured Sheldon Rankins’ contract in March, he may have been cut throughout the offseason due to the team’s need to save money.
Joe Douglas guaranteed a large portion of Rankins’ salary up front, reducing the contract from two years to one that New York could terminate after one year without incurring significant costs.
By the second week of free agency, it seemed virtually assured that the veteran defensive tackle would return to the Jets in 2022.
As reported by ESPN’s Rich Cimini, on day five of the new league year, a portion of Rankins’ base salary for next season became guaranteed. During the last year of his deal, New York will pay Rankins $1.25 million of the $4.5 million he is entitled.
For the Jets, keeping Rankins is especially crucial after losing Foley Fatukasi to the Jaguars in the early stages of free agency. In the year 2021, Rankins recorded 32 tackles, seven quarterback hits, five tackles for loss, three sacks, and two fumble recoveries.
Despite dealing with a wide range of injuries in his final two years with the Saints, he still managed to miss just one of New York’s 17 games.
Starting next to Quinnen Williams in the defensive interior in 2022, Rankins is now penciled in as a starter for the upcoming season.
Jeff Ulbrich will have Rankins play a significant role in the defense next season, even if the Jets take a defensive end early in the 2022 NFL draft and switch John Franklin-Myers to the inside to pair with Leonard Williams.
Sheldon Rankins Contract
With the New York Jets, Sheldon Rankins agreed to a two-year, $11,000,000 deal that features a $1,500,000 signing bonus and $6,000,000 in guaranteed money.
Sheldon Rankins Salary
Sheldon Rankins makes about $5,500,000 per year on average. Rankins will get a base salary of $4.5 million and a roster bonus of $941,168 in 2022. His cap hit will be $6,191,168.
Sheldon Rankins Net Worth
Sheldon Rankins net worth is estimated to be $5 million in 2022