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Giants trading Odell Beckham Jr. to Cleveland Browns

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Yes, this real. Beckham is an ex-Giant

New York Giants v Philadelphia Eagles Photo by Elsa/Getty Images

Well, holy smokes! Mike Garafolo is reporting that the New York Giants are trading Odell Beckham Jr. to the Cleveland Browns. As he says, this is not a joke.

Per Adam Schefter, the Giants are getting a big haul from the Browns. The are getting Cleveland’s 2019 first-round pick (17th overall), the Browns second third-round pick in this draft (96th overall, per Tankathon) and safety Jabril Peppers, who was a first-round pick by Cleveland in 2017.

Paul Schwartz of the New York Post confirms the deal:

In case anyone cares, this makes Mike Francesa wrong.

This is the kind of player the Giants just sent to the Browns.

Feel free to comment when you pick your jaws up off the floor, Giants fans.

Some quick Twitter reactions

The Browns’ perspective:
Well, the Browns seem pretty happy at the moment.

Poll

What grade do you give the Giants’ trade of Odell Beckham to the Cleveland Browns?

This poll is closed

  • 18%
    A
    (1605 votes)
  • 15%
    B
    (1357 votes)
  • 11%
    C
    (1027 votes)
  • 12%
    D
    (1086 votes)
  • 42%
    F
    (3722 votes)
8797 votes total Vote Now

Cap hit

The Giants take a $16 million dead money hit to their salary cap in 2019. That leaves them with $33.656 million in dead money. So, it looks ugly for 2019. It’s not all bad, though. Patricia Traina explained for Forbes:

Beckham was due a $16.75 million base salary and a $250K workout bonus for a total of $17 million cash due this year. He will count for $16 million in dead money, so if we deduct the dead money from the 2019 cash projection, that’s a $1 million net savings.

Peppers, who is still on his rookie deal, has a $1,405,204 cap hit for the Giants. (The remainder of his prorated signing bonus won’t hit the Giants cap).

So when it’s all said and done, it doesn’t look like a massive savings for 2019; however, an early projection per Over the Cap has the Giants with $103,875,639 of available cap space for 2020—more than enough to cover the cost of the franchise tag and transition tag (teams will be allowed to use both in the final league year of the CBA, which is 2020).

One final note about the salary cap. The absorption of the $16 million in dead money from the Beckham trade and the $8 million from the Vernon trade (in addition to what was on the books before) now pushes the Giants dead money to a league-high $33,656,400.

Beckham reaction

Beckham doesn’t apparently know what to think.

Odell, though, apparently does know enough to ask the Browns for more money.