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After days of negotiations, the Cleveland Browns and Odell Beckham Jr. finally reached a settlement Friday that will result in him now being placed on waivers Monday, after which he can be claimed Tuesday at 4 p.m., league sources said.
The reworked contract is pending the NFLPA’s approval, per sources.
As part of the settlement of the reworked contract before it is terminated, the Browns agreed to remove the final two years of Beckham’s deal, meaning he now is scheduled to be a free agent after this season, sources said. Beckham, who turned 29 on Friday, had two years left on his deal.
Additionally, any team that claims Beckham would inherit $7.25 million of salary for the remainder of the season, sources said. The cost is considered high for a player that now will be considered a rental with this being the last year of his contract.
The Browns had wanted to lower that salary number to entice other teams to claim him but agreed Friday to Beckham’s requests to leave the financial terms intact, making it less likely for him to be claimed.
And league sources now believe that it is unlikely that Beckham will be claimed on waivers Tuesday, which means he then would become a free agent.
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