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Leader

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3 minutes ago, incognito_man said:

Here's the real breakdown for everyone: https://www.acmepackingcompany.com/2021/11/10/22774503/packers-offer-odell-beckham-jr-a-veteran-minimum-contract-per-report

Given the context of Beckham’s contract with the Cleveland Browns, which was just terminated when he cleared waivers on Tuesday, the Packers and other teams around the NFL have no reason to offer him more than that minimum. This is because his Browns contract has offset language in it, according to ESPN’s Jeremy Fowler. The Browns owe Beckham $4.25 million (down from $7.25 million, thanks to a deal they made with him prior to waiving him), but the amount Cleveland owes will be reduced by whatever compensation he receives from a new team over the remainder of this season.

Therefore, Beckham will get paid the same amount whether he were to sign in Green Bay for the veteran minimum or elsewhere, unless another team signs him to a contract worth more than the $4.25 million that the Browns owe. Practically speaking, unless a team is willing to pay several million dollars to employ Beckham for the remaining eight games of the season, there is no incentive for a team to offer more than the league minimum. Should he receive only league-minimum offers, that would force him to make a decision purely based on non-monetary factors

This is incorrect and does not account for the fact that he can double dip with any new contract he signs.


It is also factually incorrect in that the renegotiation made was a settlement agreement to waive part of his termination pay, not to alter his contract and restructure it.  

 

The conclusions are incorrect as a result.

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8 minutes ago, skibrett15 said:

Fine, I'll rephrase:

There is no incentive in offering OBJ more than vet minimum up to some other, unknown number that is far too high for his services for the remainder of the season.

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Start your own thread on OBJ.  This is incredibly, mind numbingly boring.

If OBJ wants a shot at a ring- Green Bay is in the running.

If OBJ wants to screw his new team out of money that's going to be paid by Browns anyway, pass.

Minimum offer is all that is needed.  It's still a flip of the coin whether he would be a positive (physically) or a negative (mentally).

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2 minutes ago, Mazrimiv said:

Is it not obvious by now that we don't actually know the specifics of the new OBJ contract?

true but you can piece together what is actually relevant when you take into consideration the settlement agreement between OBJ and Cleveland regarding termination pay.  This is quite clear.  It's also clear that he had 12.79 GTD, which has offset language.

https://profootballtalk.nbcsports.com/2021/11/09/browns-ultimately-will-pay-obj-another-4-25-million-as-termination-pay/

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1 minute ago, skibrett15 said:

This is the part that is wrong, and misleading.

No it is not misleading.  This is business.  If OBJ needs more money than the millions he's getting anyway.....the Pack will pass.  This is for 8-10 games.  Minimum offer, we are NOT getting into any kind of bidding war.  Wake up!

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1 minute ago, Dubz41 said:

No it is not misleading.  This is business.  If OBJ needs more money than the millions he's getting anyway.....the Pack will pass.  This is for 8-10 games.  Minimum offer, we are NOT getting into any kind of bidding war.  Wake up!

well, that's your opinion I guess.  Appears to be what the team intends to do.

Conflicts with what @Leader was saying earlier.  If $3M is what it takes to sign him, some would say, sign him.

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From the article and summary I posted above, I'll reiterate (the media and posters are not missing anything). The calculation has already been made that OBJ is not worth (to us) the dollar amount that would result in more money in his pocket and therefore there is zero incentive to offer him more than the vet minimum.

"Practically speaking, unless a team is willing to pay several million dollars to employ Beckham for the remaining eight games of the season, there is no incentive for a team to offer more than the league minimum"

 

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