The Baltimore Ravens released veteran wide receiver Odell Beckham Jr. late Wednesday night, citing a post-June 1 designation. ESPN’s Dan Graziano originally reported on Wednesday afternoon that the trade was likely, before the team confirmed it.
According to Graziano, the 31-year-old wide receiver’s contract with Baltimore was reworked in January, eliminating the void years and allowing the Ravens to dismiss him after June 1.
Under the new contract, Beckham would have received a salary of $1.21 million in 2024 (the minimum for a player with at least seven years of NFL service) and $50 million in 25. If Beckham was remained on Baltimore’s roster at midnight ET on Thursday, his ’25 salary of $50 million would have been guaranteed.
Odell Beckham Jr. had 35 catches for 565 yards and three touchdowns in his one season with the Baltimore Ravens.
Given the altered contract provisions, Beckham was nearly guaranteed to be released unless he renegotiated his contract with the franchise. Tyreek Hill, 30, of Miami, is the NFL’s highest-paid wide receiver, earning around $30 million per year, significantly less than Beckham’s $50 million contract at age 32.
The Ravens’ salary cap will be reduced by $2.767 million this season and $9.301 million in 2025 as a result of Beckham’s release. Beckham appeared in 14 games for the Ravens last season, totaling 35 receptions for 565 yards and three touchdowns.
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