Instead, he has settled 24 of 25 civil lawsuits brought against him by an attorney for the plaintiffs, Tony Buzbee.
NFL commissioner Roger Goodell said that the settlement also requires Watson to comply with a professional treatment plan.
“Deshaun has committed to doing the hard work on himself that is necessary for his return to the NFL,” Mr Goodell said.
“This settlement requires compliance with a professional evaluation and treatment plan, a significant fine, and a more substantial suspension.”
The 26-year-old quarterback was traded from the Houston Texans to the Browns over the offseason for a package that included three first-round picks.
In a statement on Thursday, Watson said that he was “grateful” that the “disciplinary process has ended.”
“I apologise once again for the pain this situation has caused. I take accountability for the decision I made,” said Watson.
The athlete had previously offered a direct apology to the women involved, before the team’s first preseason game earlier this month.
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“I want to say that I’m truly sorry to all of the women that I have impacted in this situation,” he said.
“The decisions that I made in my life that put me in this position I would definitely like to have back, but I want to continue to move forward and grow and learn and show that I am a true person of character and I am going to keep pushing forward.”
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