The Cleveland Browns have agreed upon a financial settlement with Odell Beckham Jr. and will release him from his contract, according to a report by ESPN’s Adam Schefter. The two parties have been in discussions for months about the possibility of releasing Beckham Jr., but they were not able to come to an agreement until now. In this article, we’ll take a look at why things went down this way and what it means for both the Browns and OBJ going forward!
As we all know, Odell Beckham Jr. was traded to the Cleveland Browns by the New York Giants in March of this year and signed a 5-year contract worth $90 million, which came with an impressive $65 million guaranteed. However, as things have been going well for the Browns so far this season, it was clear that they didn’t need Beckham anymore, not with Jarvis Landry and Baker Mayfield in town.
What happened next was a long and drawn-out drama that we all got to witness unfold over the course of several months – Odell Beckham Jr. vs. Browns – which saw OBJ desperately wanting out and Cleveland showing reluctance to part ways with him. The parties were reportedly negotiating a settlement for several weeks now, but the two sides were apparently still too far apart regarding Beckham Jr.’s future role in Cleveland.
This is where it gets interesting – according to ESPN’s Adam Schefter, the Browns finally agreed on a financial settlement with Odell Beckham Jr. and will release him from his contract. Reportedly, the two sides were able to negotiate a settlement of $16 million – which is obviously a lot less than the guaranteed money he was supposed to receive over the next couple years ($20 million).
No other details about this settlement have been released thus far, but it will definitely be interesting to see how the money is split up. For instance, if Cleveland agreed on a settlement of $16 million, it means that they are still on the hook for about $67 million he was supposed to receive over the next couple years.
However, there are still some other factors that need to be considered here… For instance, perhaps the Browns are simply agreeing on a settlement now in order to make this whole situation go away ASAP. If OBJ was released from his contract now, he will be free to sign with whoever he wants and Cleveland won’t have to worry about him wanting out again anytime soon.
It’s also important to consider the fact that he will not count as a designated rookie anymore and will now be part of the veteran minimum, which brings us to another point – if OBJ is released from his contract and Cleveland agreed on a settlement with him, then one has to wonder which team is going to benefit from the Browns’ generosity and sign him for free!
As you can probably tell, we’re trying to find a logical explanation for why the Browns did what they just did, but at this point it’s obvious that OBJ was one of the major problems in Cleveland. If he wasn’t already unhappy with his role in the Browns’ offense and feuding with Baker Mayfield to begin with, how was he going to handle getting benched after his return from injury? We’re sure that something like this would’ve resulted in a major controversy and we don’t even want to think about what would’ve happened if he had decided to go back home and join the New York Jets!
The bottom line is that this looks like a win-win for both sides – the Browns relieved themselves of a headache and Beckham Jr. gets to sign with another team as soon as possible. However, considering how things went down in Cleveland, we’re wondering which GM will be willing to risk getting his hands burnt by going after OBJ this offseason. While he’s still a talented receiver, there are plenty of reasons for concern – last season was a total mess and if OBJ wasn’t happy with his role in the Browns’ offense before getting injured, how do you think he felt when he got benched after returning from injury?