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FORMULA 1
Assessing Odell Beckham Jr.'s New Contract
![](https://d1dglpr230r57l.cloudfront.net/images/xlarge/USATSI_10337199_160074578_lowres.jpg)
Odell Beckham Jr. put a much needed jolt into the NFL contract world when he penned a 5 year, $90 million new-money extension to remain with the New York Giants for the foreseeable future. We’ll take a quick look at the details that are known, assessing how everything ranks out across the board.
The Total Contract Value
Related: https://www.spotrac.com/nfl/rankings/contract-value/wide-receiver/
There are plenty of ways to report an NFL contract value, and we’ll try to attack them all here. For starters, the contract as a whole is 6 years, $98.459M, as it includes the 1 year, $8.459M salary Beckham was already signed to for 2018. Therefore, from a new-money, and new-years standpoint, we’re looking at a 5 year, $90M extension, that has a chance to become $95M should he hit escalators in 2022 & 2023 ($2.5M each, based on receptions, yards, and touchdowns).
The Average Annual Value
Related: https://www.spotrac.com/nfl/rankings/average/wide-receiver/
Knowing what we know now, the new-money AAV for Beckham Jr. comes in at $18M (90/5), good enough to eclipse Antonio Brown (PIT, $17M) by $1M. However, with a reported, $52.7M to be earned over the first three years (2018-2020), the front of this deal rings in at a $17.5M average, meaning it’s more heavily backloaded in the last 3 seasons.
Guaranteed, Now & Later
Related: https://www.spotrac.com/nfl/rankings/guaranteed/wide-receiver/
Again, we’ve got a few scenarios to deal with here, fully guaranteed at signing ($41M), total available guarantees ($65M), and “new” guarantees. It’s been reported that the $65M in total guarantees includes his previous $8.459M salary, bringing that figure down to $56.5M. We don’t yet know if the $41M in upfront guarantees includes this figure, but it stands to reason that it might.
The $56.5M in new-money total guarantees ranks first among active WRs (Mike Evans, $55M), and 5th all-time among non-QBs. For now, his $41M fully guaranteed at signing also ranks first.
Cap & Cash Flow
Related: https://www.spotrac.com/nfl/new-york-giants/odell-beckham-jr-14421/
Details still need to come out, but we know Beckham Jr. will reel in at least $21.459M in 2018, thanks to a $20M signing bonus. His base salary drops down to $1.459M in 2018, leaving a cap figure of $5.459M for the upcoming season, a savings of $3M for the Giants. He’ll then make a little over $31M over the next two seasons based on initial reports.
Impact Going Forward
A strong year from Julio Jones puts these numbers on notice after 2018, while Michael Thomas will also be looking to cash in over the next 18 months in New Orleans. Tyreek Hill (KC), Golden Tate (DET), and A.J. Green (CIN) are other contract candidates at the WR position. Will any of these players eclipse the $20M per year mark OBJ was hoping for?
CATEGORIES
- NBA 103
- NFL 71
- GOLF 47
- MLB 24
- NWSL 19
AUTHORS
- Michael Ginnitti NFL, MLB
- Keith Smith NBA
- Scott Allen Contributor
- Taylor Vincent NWSL
![](https://d1dglpr230r57l.cloudfront.net/images/crop/4355_USATSI_22065964_168390303_lowres.jpg)
2024 NBA Offseason Financials: Oklahoma City Thunder
Breaking down the upcoming offseason for each 2024-25 NBA team, including cap space figures, free agents, extension candidates, draft pick scenarios, & thoughts on potential trades, exceptions & plenty more.
![](https://d1dglpr230r57l.cloudfront.net/images/crop/4354_USATSI_22317843_168390303_lowres.jpg)
Breaking Down Trevor Lawrence's Jaguars Extension
Breaking down the facts, figures, & rankings for Trevor Lawrence's 5 year, $275M contract extension in Jacksonville that includes $200M practically guaranteed through 2028.
![](https://d1dglpr230r57l.cloudfront.net/images/crop/4352_USATSI_23335482_168390303_lowres.jpg)
Roundup: NWSL Teams Limiting Exposure to Free Agency
Taking a look at how NWSL teams have limited their exposure to the free agency window.
![](https://d1dglpr230r57l.cloudfront.net/images/crop/4348_USATSI_19206558_168390303_lowres.jpg)
NFL Free Agency's Top, Value, & Best Available
The 2024 NFL offseason is now three months old, prompting Spotrac to reflect on the top free agent signings at each position, a newly signed player who may hold significant value for the upcoming season, and a few notable players still available on the open market through the middle of June.
![](https://d1dglpr230r57l.cloudfront.net/images/crop/4347_USATSI_23078709_168390303_lowres.jpg)
2024 NBA Free Agents: Top 50
Breaking down and ranking the Top 50 2024 NBA free agents.
TRENDING PLAYERS
- 1 LeBron James (PF, LAL)
- 2 Trevor Lawrence (QB, JAX)
- 3 Terrell Lewis (OLB, PHI)
- 4 Teemu Pukki (F, MIN)
- 5 Klay Thompson (SG, GSW)
TRENDING PAGES
- 1 NBA Free Agents
- 2 NFL Transactions
- 3 NFL Free Agents
- 4 NFL Salary Rankings
- 5 MLB Transactions