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.
Odell Beckham Jr. now has a $95 million contract to supplement his record-breaking sneaker endorsement deal with Nike.
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.
Here to stay! 🖋@OBJ_3 talks contract extension: https://t.co/WOVhfF0Uh7 pic.twitter.com/1LzomvCbnl
— 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.
https://www.youtube.com/watch?v=zFpU8f_6-Hg
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:
congrats to my brudda couldn’t be more proud been solid since day one helped me a lot on my journey… you deserve it…MONEY MONEY MONEY!!!! @OBJ_3 pic.twitter.com/cncsmI7IfB
— Roger Lewis (@OttoLewis_) August 27, 2018
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