Yes, the receiver market is down.
In most years, the path to setting a new bar at a given position comes from unrestricted free agency. This year, Giants receiver Kenny Golladay got the best free-agent contract at his position. It reportedly averages $18 million per year.
That average puts Golladay not at the top of the market for his position, but in a tie for sixth place.
Yes, the Giants have given Golladay a contract with the same average value as Beckham’s, at $18 million per year. Hopefully this doesn’t mean the Giants will trade Golladay to the Browns next March.