Odell Beckham Jr. has agreed to a five-year extension with the New York Giants that makes him the highest-paid wide receiver in football.
The three-time Pro Bowler can receive a maximum $95 million over the course of the deal, with $65 million in guaranteed money, a source told ESPN’s Josina Anderson.
The deal eclipses Pittsburgh Steelers wide receiver Antonio Brown’s $17 million per year average and tops Tampa Bay Buccaneers wideout Mike Evans’ $55 million in total guarantees.
Beckham is 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.
According to CBS Sports NFL Insider Jason La Canfora, the deal averages $18 million per year ($90 million total) with another $5 million in escalators, bringing its total value to $95 million. $41 million is guaranteed with $65 million guaranteed for injury.
It’s the largest contract for a receiver in NFL history.
The Giants and Odell Beckham will announce a 5 year contact extension as soon as this afternoon. Deal will average $18M/year ($90M) with another $5M in escalators. Full guarantee is $41M. Injury guarantee is $65M. Largest contract ever for a WR
— Jason La Canfora (@JasonLaCanfora) August 27, 2018
Here’s how happy Beckham and his teammates are:
— National Caucasian Distributor of Cold Takes (@EthanGSN) August 27, 2018