Odell Beckham Jr., Cleveland Browns agree to reworked contract as receiver set to hit waivers Monday

Stephen A. Smith believes Odell Beckham Jr. could thrive if he went to the Packers, Rams, or Chiefs. (1:55).
After many days of negotiations, Odell Beckham Jr. and the Cleveland Browns reached a deal Friday. He will now be placed on waivers Monday. After that, he can be claimed Tuesday afternoon at 4 p.m. ET, league sources said.

Sources say that the NFLPA is still awaiting approval of the revised contract.

Sources said that Beckham will now be free after the season because the Browns have agreed to cancel the last two years of his contract. Beckham, who was 29 on Friday, still had two years remaining on his contract.

Sources also claimed that Beckham's salary would be shared by any team that claims him. This is a high price for a player in his last year of contract.

Although the Browns wanted to reduce his salary to attract other teams, Beckham agreed to accept Beckham's request to keep the financial terms unchanged. This made it less likely that he would be claimed.

Although teams have always had ways to create salary-cap room, as of Friday morning only nine had more than $7.25 million: the Jacksonville Jaguars and Philadelphia Eagles.

Sources in the league believe that Beckham won't be claimed on Tuesday by waivers, which would mean that he would then become a free agent.