Odell Beckham Jnr makes history with new £74m deal with the Giants

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On Monday, that reportedly became reality when Beckham and the team agreed to a five-year contract that will make him the NFL's highest-paid receiver.

While terms were not disclosed, the deal with the 25-year-old, 2014 first-rounder is worth about $95 million with $65 million guaranteed.

The deal eclipses Pittsburgh Steelers wide receiver Antonio Brown's $17 million per year average and tops Tampa Bay Buccaneers wideout Mike Evans' $55 million in total guarantees.

After all, despite the contract, Brown is still the best wide receiver in the National Football League and you can bet he wants to be paid like it.

Beckham, who missed most of last season with a broken left ankle, was scheduled to make $8.4M ($A11.5M) in the final year of his rookie contract.

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"Honestly, I don't even know how to explain it", said Beckham.

Beckham had said early in training camp that he was taking a risk practising without a new contract.

"I don't know if the Lions would consider it, but receiver Golden Tate is the type of trade target I'd inquire about for the Patriots".

The deal opens the door for Beckham to make a return to the field for the September 9 season opener against the Jacksonville Jaguars.

He added: "It was just a time of patience and waiting and I knew that it would get done, it just was a matter of when and I'm just so happy that it is finally done now". Over his first three seasons, he recorded 288 receptions for 1,374 yards and 35 touchdowns. His guaranteed money sits behind only Matt Ryan ($94.5 million) and Kirk Cousins ($84 million), per Over The Cap.

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