Odell Beckham Jr. Just Signed a $95 Million Contract With the New York Giants
The deal makes OBJ the highest-paid wide receiver in football.
The three-time Pro Bowler is now the highest-paid wide receiver in football after inking a five-year extension with the New York Giants.
Following an announcement from the team, a source told ESPN that the terms of the deal guarantee OBJ $41 million at signing and at least $65 million total over the contract’s duration, with the possibility of earning a maximum of $95 million.
— New York Giants (@Giants) August 27, 2018
ESPN has further details:
Over the first three years of the deal, Beckham will be paid $60 million for an average of $20 million a year over that earlier term. This means the new money average of the extension is $18 million a year over the five years, but his total average over the entire deal is $16.4 million a year over six years, which includes his previous option year (for this season).
Beckham was set to make $8.4 million on the fifth-year option of his rookie contract. The agreement reworks Beckham’s 2018 contract into a $1.459 million salary with a $20 million signing bonus. The Giants will save $3 million against the cap.
“Honestly, I don’t even know how to explain it,” Beckham said. “I don’t know if it’s a relief, I don’t know – it’s a combination of everything. You’ve worked all your life to get to this point and it’s finally here.”
The news comes less than two weeks before the Giants’ regular-season opener against the Jacksonville Jaguars. Beckham had the best three-season start by a wide receiver in the franchise’s history, but ankle injuries limited him to just four games last year, during which he made 25 catches and scored three touchdowns.
That lack of playtime apparently didn’t deter the Giants general manager Dave Gettleman from wanting to hammer out the record-breaking deal.
“I never worried whether or not we would get it done,” Gettleman said. “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.”
OBJ certainly isn’t “ticked off”—just watch him celebrate with teammate Roger Lewis in the video below:
— Roger Lewis (@OttoLewis_) August 27, 2018