The Dolphins’ long-anticipated receiver addition is set to take place. Miami has agreed to terms with Odell Beckham Jr., Tom Pelissero and Ian Rapoport of NFL Network report. 
Team and player have long been linked in this case, and the post-draft wave of free agency has now produced an agreement. While an April report suggested Beckham could turn down Dolphins interest due to his asking price, he has in fact taken a deal worth far less than his 2023 Ravens pact.
Rapoport reports this one-year deal is worth up to $8.25MM. The base value, per ESPN’s Marcel Louis-Jacques, is $3MM. Barry Jackson of the Miami Herald adds the team was not prepared to raise its offer in terms of guaranteed compensation, but incentives led to this agreement.
The three-time Pro Bowler joined Baltimore on a pact featuring $15MM guaranteed, a surprising figure considering the missed time which preceded it. Beckham had his most productive campaign since 2019 last year (35 receptions, 565 yards), and his 16.1 yards per catch average was the highest mark of his career. An increase in volume will no doubt lower the latter figure, but Beckham is in position to fill Miami’s stated desire for a capable third receiving option.
Not long after the 31-year-old visited the Dolphins in March, a mutual interest was reported to exist. That was confirmed in short order when Miami submitted an offer to Beckham, though Rapoport notes he had more lucrative options on the table. In the end, however, the former Rams Super Bowl winner has accepted the chance to work in a complementary role to Tyreek Hill and Jaylen Waddle.
Those two will command a large share of Miami’s targets, but the team lost Cedrick Wilson Jr. in free agency, leaving slot receiver/returner Braxton Berrios as the lone in-house depth WR option featuring much experience. A veteran of 110 games, Beckham will certainly help in that department. A strong season would also boost his market value on a new Dolphins pact or interest from outside teams in 2025.
Miami entered Friday with just over $2.9MM in cap space, so this deal (along with signing the team’s rookie class) will eat up much of the remaining funds available for the time being. Cap space brought about by Xavien Howard‘s release will become available after June 1, but the Dolphins have already accomplished a key secondary roster-building goal with this agreement.