Teams release players and then re-sign them for less $$ all the time. It's managing the salary cap. If you want him for $15.75M go for it....
He was given a 5 year extension (6 years on his contract after) and he was 3 years into it. You could’ve have extended him or restructured him for a lot cheaper then getting into a bidding war. If I’m reading the rules correctly
His current deal is for 5 years with 3 years remaining so he was ineligible for restructure/extension.
The original deal gets dissolved when the new deal is signed. His current contract is only 5 years in length - https://overthecap.com/player/odell...ckham signed a five,Giants on August 28, 2018.
Not a problem, and you bringing it up does help to make it easier for anyone else that was curious how that works to understand it for this exercise.
Jaguars Bid: CB Patrick Peterson - $10,000,000 Previously: $9,000,000 by Jets OG Brandon Scherff - $14,000,000 Previously: $13,000,000 by Washington WR Odell Beckham Jr - $10,000,000 Previously: $8,000,000 by Browns