Chiefs trade three-time All-Pro WR Tyreek Hill to Dolphins for five draft picks

It’s happening. On Wednesday, the Chiefs agreed to trade Tyreek Hill to the Dolphins (Twitter link via NFL.com’s Ian Rapoport). The deal will send a first-round pick and more to Kansas City, bringing one of the league’s most dynamic playmakers to Miami.

The Dolphins will send a 2022 first-round pick, 2022 second-round pick, 2022 fourth-round pick, 2023 fourth-round pick and a 2023 sixth-round pick to Kansas City in the deal (Twitter link via PFT). It’s a haul that’s somewhat similar to the trade that moved Davante Adams to the Raiders.

Hill will also ink a contract extension that will “put him among the highest paid wide receivers” in the league, according to RapSheet and Tom Pelissero. The exact terms are not yet known, but, as agent Drew Rosenhaus tells Adam Schefter of ESPN.com (Twitter link) Hill is now positioned as the NFL’s highest-paid wide receiver, ahead of Davante Adams. Once finalized, it’ll be a four-year, $120M megadeal with $72.2M guaranteed (Twitter link).

The ink has barely dried on Adams’ contract, a five-year, $140M whopper that gave him $28M/year, $22.75M guaranteed at signing, and $42.9M in effective guarantees. DeAndre Hopkins previously held the mantle at $27M/year, Adams topped Hopkins at $28M and Hill is now the king of the mountain with $30M per annum.

The Dolphins are now armed with Hill, Jaylen Waddle, Cedrick Wilson, Devante Parker and Trent Sherfield at wide receiver, giving them one of the most talented WR units in the NFL. That should be plenty to keep defenses honest against quarterback Tua Tagovailoa and open up more running opportunities for Chase Edmonds, Raheem Mostert and Myles Gaskin.

The Jets were also in talks to acquire Hill this week, and they were willing to give up the No. 10 overall pick in a package for him (Twitter link via Ralph Vacchiano of SNY). The Jets were also willing to give Hill a top-level extension, but, ultimately, the Dolphins had the winning bid.

Kansas City, meanwhile, now has a massive hole to fill in their offense. Without the speed of Hill to serve as a compliment to Travis Kelce, their wide receiver room is in need of an addition. To that end, they already signed JuJu Smith-Schuster earlier in free agency, but his skill set is much different than Hill’s. Expected to target a wideout in this April’s draft as early as the first round (where the Chiefs hold the 30th overall selection) before this trade, Kansas City now faces even more pressure to do so if they are to maintain their highly productive passing game.