I heard the word "rollout" regarding /opt/splunk/var/log/splunk files
The rotation of Splunk internal logs files, available in $SPLUNK_HOME/var/log/splunk folder, is managed by log.cfg file. The by default they roll to a new file when the log file size reaches 25MB (specified in bytes) and 5 backup/rolledover files are retained. See below links for more details:
https://docs.splunk.com/Documentation/Splunk/6.5.0/Troubleshooting/WhatSplunklogsaboutitself
https://docs.splunk.com/Documentation/Splunk/6.5.1/Troubleshooting/Enabledebuglogging#In_log.cfg
What do you really mean?