OBJ, Giants Progressing Toward Extension

A new contract for wideout Odell Beckham Jr. could be right around the corner. NFL.com’s Ian Rapoport tweets that the receiver’s agent, Zeke Sandhu, and the Giants have “engaged in good-faith negotiations” that would make Beckham the highest-paid wideout in the NFL. While a deal isn’t expected to be finalized in the coming days, Rapoport says the two sides are “encouraged” that a deal could be finalized before the start of the regular season.

We learned yesterday that OBJ was optimistic about a new deal, but reports from today indicated that the Giants’ offer may have been relatively underwhelming. New York’s reported offer would have paid Beckham a lower average annual salary than Sammy Watkins, which our own Zach Links says would be south of $16MM. If Beckham is going to be the highest-paid player at this position, he’d have to earn more than the $17MM that Antonio Brown is set to make in his extension with the Steelers.

The 25-year-old is set to earn a bit less than $8.5MM in his fifth-year option season, meaning he could be looking to double his salary in 2019. For what it’s worth, the wideout previously acknowledged that he may have to sacrifice some money for long-term security, which could be an indication that Beckham is willing to give the Giants a slight discount if they sign him to a longer deal. If OBJ doesn’t sign an extension with the organization, the Giants could realistically control the receiver for more two additional seasons via the franchise tag.

The 2014 first-round pick was limited to only four games last season, finishing with 25 receptions for 302 yards and three scores. However, there’s no denying his talent, as he finished the previous three campaigns with at least 1,300 receiving yards.

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