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NFL Rumors: Odell Beckham Jr. to Be Released by Ravens After Contract Restructure

Paul KasabianFeatured Columnist IIMarch 13, 2024

BALTIMORE, MD - JANUARY 28: Odell Beckham Jr. #3 of the Baltimore Ravens runs out of the tunnel prior to the AFC Championship NFL football game against the Kansas City Chiefs at M&T Bank Stadium on January 28, 2024 in Baltimore, Maryland. (Photo by Perry Knotts/Getty Images)
Perry Knotts/Getty Images

The Baltimore Ravens are expected to release wide receiver Odell Beckham Jr. before midnight on Wednesday.

ESPN's Dan Graziano explained why the Ravens will formally release Beckham with a post-June 1 designation after restructuring his contract in January:

Dan Graziano @DanGrazianoESPN

Barring an unexpected last-minute extension, you'll see the Ravens release Odell Beckham before midnight ET tonight with a post-June 1 designation. Beckham and the Ravens restructured his deal in January, eliminating the void years and allowing the team to use post-June 1 on him.

Dan Graziano @DanGrazianoESPN

If Beckham is on the Ravens' roster March 14 (tomorrow), the $50 million 2025 salary would become fully guaranteed. Obviously, that's not happening. But the post-June 1 cut means Ravens carry $2.767M dead money for Beckham this year and $8.301M dead in 2025.

Beckham signed a one-year deal worth up to $18 million last offseason. He finished the 2023 campaign with 35 catches for 565 yards and three touchdowns.

The Ravens have seen a host of departures from their 13-4 team, which earned the AFC's No. 1 seed before falling to the eventual Super Bowl champion Kansas City Chiefs in the AFC Championship Game.

Players who have left via free agency or trade include running back Gus Edwards, right tackle Morgan Moses, guard John Simpson, safety Geno Stone and linebacker Patrick Queen.

Now it appears Beckham will head elsewhere after just one season in Baltimore.

The Ravens have a bona fide No. 1 wideout already in Zay Flowers, and they have depth behind him in Rashod Bateman and the re-signed Nelson Agholor. But sans Beckham, they could still use more reinforcements at the position to help reigning MVP quarterback Lamar Jackson.

Baltimore has already done work on offense to do just that, notably signing ex-Tennessee Titans superstar running back Derrick Henry. But it wouldn't be a surprise to see the Ravens use an early draft pick on a receiver once again to bolster the offense.