For weeks Giants general manager Dave Gettleman insisted that he didn’t re-sign star receiver Odell Beckham Jr. to trade him, a statement he repeated two weeks ago at the combine even before he was asked the question.
However the Cleveland Browns, who most recently traded Kevin Zeitler for edge rusher Olivier Vernon, were finally able to put together an offer that was too good for Gettleman to resist.
New York is sending Beckham, their star receiver whom they signed to a five-year, $90 million contract extension last year to the Browns in exchange for Cleveland’s first-round pick (No. 17 overall), the second of the Browns’ two third-round picks and safety Jabrill Peppers.
Beckham, the Giants first round pick in 2014, finishes his Giants career with 390 receptions for 5,476 yards, and 44 touchdowns. Beckham also has 15 career rushing attempts for 74 yards.
Beckham was due to count for $21 million, or 11.2% of the team’s 2019 salary cap. By trading him, the Giants will save $17 million but will have to eat $16 million in dead money.
Peppers, who is entering the third year of his rookie deal, was due to count for $2,820,610 against the Browns salary cap; however, his signing bonus will not count against the Giants cap which means he’ll only cost the Giants $1.404 million in 2019 and $1.875 million in 2020.