The New York Giants signed Odell Beckham to a five-year, $95 million contract extension, as reported by the NFL Network Monday, per sources informed of the deal.
The wide receiver will hold the highest recorded, fully guaranteed amount for his position at $41 million with $65 million in total guarantees, per Ian Rapoport of the NFL Network.
The extension also averages $20 million over the first three years, Rapoport added.
“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 team’s website.
Antonio Brown’s $17 million per year average and Mike Evans’ $55 million in total guaranteed money were the top benchmarks at the receiver position. Beckham bested both.
OBJ’s guaranteed money sits behind only Matt Ryan ($94.5 million) and Kirk Cousins ($84 million), per Over The Cap. The $18 million per year in base-average of new money is positioned below only Von Miller ($19.08 million) among non-quarterbacks.
The 25-year-old Beckham was entering the fifth and final year of his rookie contract, with a base salary of $8.4 million.
Beckham, coming off a season-ending ankle injury, has been deemed healthy this offseason, with the Giants targeting Week 1 to unleash their star receiver.
Beckham’s worth to the Giants was underscored by his absence in 2017. After OBJ’s injury ended his season after just four games, New York’s offense was a ship with no mainsail. Sans Beckham’s ability to single-handedly turn simple slant catches into big-play scores, the Eli Manning-led passing game became one of the least-efficient attacks in the NFL last year.
The Giants offense has averaged almost six points fewer per game without Beckham since he entered the NFL in 2014. New York has a 5-12 record in games without the dynamic wideout.