All Dolphins

Breaking Down Beckham's Contract

The Miami Dolphins signed the three-time Pro Bowl wide receiver to a one-year deal with a void year for cap purposes

Alain Poupart

Odell Beckham Jr.
Odell Beckham Jr. / Cary Edmondson-USA TODAY Sports
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Details of Odell Beckham Jr.'s new contract with the Miami Dolphins have been unveiled and they include the now-seemingly-obligatory void year.

As detailed by overthecap.com, and as per some previous reports, Beckham signed a one-year, $3 million that could go up an additional $5.25 million with incentives. The $3 million deal is guaranteed and included a $1.8 million signing bonus.

Beckham's cap number for 2024 is $2.1 million. He'll have an $895,000 cap number in 2025. If Beckham hits his incentives and his 2024 pay increases, that increase will be applied against the 2025 cap.

Void years have become practically the norm in every deal and are used to spread out the signing bonus (as it pertains to the salary cap) over additional years.

The signing of Beckham has left the Dolphins with a little more than $1.8 million in cap space, according to overthecap.com, but we should remind everyone that the Dolphins will get $18.5 million of additional space post-June 1 when the release of cornerback Xavien Howard gets applied to the salary cap.

The current cap situation is why the Dolphins won't be done signing with 2024 draft class until next month, though those negotiations practically have become a formality nowadays before of the rookie scale.

As a reminder, until teams have to get down to the 53-player roster limit, only the 51 top cap numbers count against a team's total.

For the Dolphins, the cutoff currently applies after Salvon Ahmed's $1.06 million cap charge for 2024, per overthecap.com.

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Alain Poupart

ALAIN POUPART

Alain Poupart is the publisher/editor of AllDolphins.com and co-host of the All Dolphins Podcast. Alain has covered the Miami Dolphins on a full-time basis since 1989 for various publications and media outlets, including Dolphin Digest, The Associated Press, the Dolphins team website, and the Fan Nation Network (part of Sports Illustrated). In addition to being a credentialed member of the Miami Dolphins press corps, Alain has covered three Super Bowls (for NFL.com, Football News and the Montreal Gazette), the annual NFL draft, the Senior Bowl, and the NFL Scouting Combine. During his almost 40 years in journalism, which began at the now-defunct Miami News, Alain has covered practically every sport at one time or another, from tennis to golf, baseball, basketball and everything in between. The career also included time as a copy editor, including work on several books such as "Still Perfect," an inside look at the Miami Dolphins' 1972 perfect season. A native of Montreal, Canada, whose first language is French, Alain grew up a huge hockey fan but soon developed a love for all sports, including NFL football. He has lived in South Florida since the 1980s.