The Giant Insider Online

Breaking it down: The Odell Beckham, Jr. contract by the numbers

On Monday, Odell Beckham, Jr. signed a 5 year, $90,000,000 contract with the New York Giants, including a $20,000,000 signing bonus, $65,000,000 guaranteed, and an average annual salary of $18,000,000.

The deal makes him the highest-paid wide receiver in NFL history.

“It’s a five-year extension, six years total,” Giants GM Dave Gettleman said. “We got him until he’s 108. I never worried whether or not we would get it done. I’m pleased, because the litmus test for a contract is that neither side is ticked off before the ink can dry, and neither side should be ticked off. It’s a very fair deal.”

Beckham, 25, was the 12th overall selection in the 2014 NFL Draft, had the best three-season start by a wide receiver in Giants history, and one of the best ever in the NFL. His totals of 288 receptions, 4,122 yards and 35 touchdowns all shattered the previous Giants records for a player in his first three seasons.

Here’s how the deal breaks down…

  • $41M guaranteed at signing (signing bonus + 2018 salary + 2019 salary + $3M of 2020 salary)
  • $56.5M in new total guaranteed (includes $8.459M of previous salary)
  • $21.45M available in 2018
  • $52.7M through 2020
  • 2022-2023 Escalators (each)
    96 receptions ($500,000)
    1,374 yards ($500,000)
    12 TDs ($500,000)
    $1M bonus for playoffs

In 2018, Beckham, Jr. will earn a base salary of $1,459,000 and a signing bonus of $20,000,000, while carrying a cap hit of $5,459,000 and a dead cap value of $41,459,000.

The bonus will be spread out over the first five years of the deal in $4 million increments. Beckham’s cap hits will be fairly manageable: 2019 ($21M), 2020 ($18.25M), 2021 ($19.75M), 2022 ($19M) and 2023 ($15M).

Beckham will be eligible for free agency in 2024 when he is 31. The Giants hold a potential out clause after the 2020 season. At that point they will have paid Beckham $$52,709,000.

*salary figures courtesy of spotrac.com

Please follow and like us:

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Enjoy this blog? Please spread the word :)

%d bloggers like this: