The New York Giants plan to make a no-brainer transaction by exercising the fifth-year option on wide receiver Odell Beckham’s rookie contract this week, NFL Network’s Kim Jones reports.
By picking up Beckham’s fifth-year option, the Giants ensure that their star receiver will be under contract with the team through the 2018 season. The deadline to exercise the fifth-year option for 2014 first-round draft picks is May 3.
The fifth-year option for Beckham, who was the No. 12 overall pick in 2014, is expected to be worth approximately $8 million for the 2018 season. The fifth-year option salary for a player picked outside of the top-10 is the average of the third- through 25th-highest salaries at a player’s position.
If the Giants hadn’t exercised Beckham’s fifth-year option, he would have become a free agent after this season. Beckham will earn $1.8 million this season in the final year of his rookie contract.
The Giants will have the ability to control Beckham’s rights for the foreseeable future. They can use the franchise tag on Beckham for the 2019 season (and the 2020 and 2021 seasons if they choose). While the fifth-year option ensures that Beckham will remain with the Giants through 2018, the sides could agree to a long-term contract extension.
Both sides figure to be interested in a long-term deal after Beckham has gotten off to one of the best starts to a career in NFL history. In Beckham’s first three seasons, he is tied for the most catches (288) and is second in receiving yards (4,122). He also has 35 touchdown catches.
Beckham has had at least 91 catches, 1,305 yards and 10 touchdowns in each of his three seasons. The 24-year-old has made the Pro Bowl in each of his three seasons and has been a second-team All-Pro in the past two seasons.
Beckham’s fifth year is now guaranteed for injury. The option year will become fully guaranteed on the first day of the league year next offseason.