On Friday, a report was released by ESPN regarding two details of the review Odell Beckham The son who will officially arrive at the abdication corps held on Monday. If there are other details, it will appear today.
According to a league source familiar with the rules and procedures, the contract will be published in the relevant league database on Saturday. At that time or shortly thereafter, the NFL Players Association will do the same.
This paves the way for information leakage. Someone who has access to the information will share it with the reporter. Who will report next, you know.
Adam Shifter stated on Friday that the New Deal reduces Remaining salary commitment to $7.25 millionand that the last two years of the contract were cancelled, paving the way for Beckham to become a free agent in March.
Despite all of Cleveland’s talk of using his ability to squat on Beckham as leverage to make him take less, the figure that Shifter cited as Beckham’s salary for the rest of the year reflects a cut by Beckham of zero dollars and zero cents. . This raises an obvious question. If Beckham never cuts his salary or restructures, why would Brown agree to cancel the last two years of his contract?
Do you think that the rest stationed Salary was reduced to $7.25 million, the remaining salary was not paid? If so, the team claiming the contract balance would be at risk for only nine out of 18 game checks, or $3.625 million. (The Shifter report shows, as it is currently written, that there is $7.25 million remaining in salary outstanding. Which, again, does not reflect a reduction of any kind in Beckham’s salary.)
In terms of removing the last two years, it will be interesting to see if the new deal includes a no-mark clause, which would prevent the team that gets the contract on waivers from applying the franchise or transfer mark in early 2022.
If Beckham is claimed, the ESPN report (if accurate) means he will receive $7.25 million from the new team. If not claimed, he would presumably be eligible for the entire $7.25 million from Brown plus everything he gets from a new team, without a cut. (The CBA Act of 2020 contains a complex provision regarding the interaction between guaranteed pay and severance pay that leads to the same result – but that was intended to fill a loophole that allowed C. Then the full amount of his unpaid salary, including the guaranteed amount, as termination allowance.)
There is a chance that the real number is $3.625 million. There is an opportunity to add other conditions to make the contract claim less acceptable. There is a possibility that $7.25 million may still be the real number but Beckham has waived his right to severance pay. (It’s possible that waiving severance payments isn’t allowed; they might have found a way around that.)
When full details come out or are reported, we’ll break them down here. With Brown, who on Friday announced Beckham’s release, plan to make the official move on Monday by 4:00 p.m. ET, the teams will have until Tuesday at 4:00 p.m. ET to file a waiver claim.
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