Browns Pull Off One of NFL’s Top Steals in Jerry Jeudy Trade

GettyFormer Denver Broncos wide receiver Jerry Jeudy.

The contract for Jeudy represents a significant investment in a player who hasn’t earned almost $20 million annually but has the kind of talent/upside that could make that number look pretty good a couple years down the road.

The trick for the Browns was the timing on Jeudy’s rookie contract. Denver exercised a fifth-year team option on the receiver’s deal last offseason, which kept him under contract through 2024 at approximately $13 million for the final year.

Cleveland traded for that contract year, which remains on Jeudy’s balance sheet and will be his salary next season. Then, by extending Jeudy for three more years on top of 2024, the Browns accomplished a couple of things.

First, they guaranteed he wouldn’t hit free agency in March 2025, which could have resulted in Jeudy walking after one year and thereby rendering the two picks Cleveland traded for him a waste. Second, the Browns were able to restructure Jeudy’s deal and bring his salary cap number in 2024 down to $3.5 million.

While the total money the franchise ultimately pays Jeudy matters, how much he costs against the salary cap over the next couple of seasons — presumably a championship window in Cleveland — matters more. For all intents and purposes then, the Browns landed a 25-year-old former first-round pick to play Robin to Cooper’s Batman for a little less than $3.5 million next season.

Just about any way you look at that outcome, it’s a win for a Cleveland team that is all in on trying to nab a Super Bowl trophy before all their spending finally catches up to them.

Jerry Jeudy Will Be Steal if He Adequately Fills No. 2 WR Role for Browns

GettyCleveland Browns wide receiver Elijah Moore.

While Jeudy has never topped 1,000 receiving yards in the NFL and has caught just 11 touchdowns as a pro, he is a clear upgrade over any other pass-catcher on the roster the Browns might otherwise elevate into the No. 2 role.

Moore made 59 catches for 640 yards and 2 scores during his first season in Cleveland after coming over from the New York Jets. Beyond Moore are Cedric Tillman and David Bell, third-round picks in the last two drafts, respectively.

None of those three players have profiled as a legitimate second option, though Jeudy in a better offense figures to be able to fill that role. If he can do so effectively, his trade price will definitely render Jeudy a steal, regardless of how he stacks up against his salary.