Odell Beckham Jr. has agreed to a five-year extension with the New York Giants that makes him the highest-paid wide receiver in American football.
The New York Giants signed Beckham to a five-year, $95 million contract extension deal. He receives the highest ever fully guaranteed amount for a receiver at $41 million with $65 million in total guarantees. The extension also averages $20 million over the first three years.
“It was just a time of patience and waiting and I knew that it would get done, it just was a matter of when and I’m just so happy that it is finally done now,” Beckham said according to the NFL team’s website.
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 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.
Beckham has been seeking a contract extension for the better part of the past two years, and he was optimistic in recent weeks that a deal would work itself out. He is now under contract through 2023.
Beckham, 25, had at least 90 catches, 1,300 yards, and 10 touchdowns in each of his first three professional seasons. The No. 12 overall pick in the 2014 draft was quickest to 200 receptions and 3,000 yards in NFL history, needing just 30 games to accomplish both feats