After a number of top wideouts earned lucrative extensions this offseason, Tyreek Hill was secured his pay day. ESPN’s Adam Schefter reports that the Dolphins have reached an agreement with their star wide receiver on a restructured contract worth $90MM over the next three years. 
The deal includes $65MM in guaranteed money, and the restructuring will only cover the three years that were already remaining on Hill’s contract (so no new years were added). When combined with his 2023 guarantees, Hill’s $106.5MM in guaranteed money is the most by a wideout over a four-year stretch, per Schefter. NFL Network’s Ian Rapoport notes that Hill also made NFL history with the “most guaranteed money added to a contract without adding new years,” and that record is likely a reflection of Hill’s unique contract situation.
The Dolphins once established Hill as the league’s highest-paid WR when they signed him to a four-year, $120MM extension. The last few years of that pact signaled that revisions were eventually coming. Hill was already attached to a significant $31MM cap hit in 2024, with that number jumping to $34MM in 2025 and an untenable $56MM in 2026. The front office also had outs in both 2025 and 2026 (via the player’s nonguaranteed $43.9MM salary), so it always seemed likely that the sides would head back to the drawing board.
Since inking his initial Miami extension, Hill has since been passed by the likes of Amon-Ra St. Brown, A.J. Brown and Justin Jefferson on the AAV list. Even Hill’s teammate, Jaylen Waddle found himself with a new deal that encroached on the numbers Hill was making. The Dolphins star won’t make any progress on St. Brown, Brown, and Jefferson with this latest deal in AAV, but he will approach Jefferson in terms of guaranteed money. Jefferson’s record-setting deal set the guaranteed money mark at $88.74MM.
It seemed strange that Hill trailed the above names in salary despite leading the league in receiving yards and touchdowns last year and only trailing Cowboys wideout CeeDee Lamb in receptions. Due to the nature of how quickly position salaries have seemed to escalate in recent years, it was no surprise to see Hill’s once record-setting deal pale in comparison to the younger generation.
The Dolphins’ new deal with Hill at least partially rights that wrong. Though Hill didn’t have any years added to his contract, Miami still has him, Waddle, and quarterback Tua Tagovailoa under contract through the 2026 season, with both Waddle and Tagovailoa having one more year than Hill. The team’s offensive corps remains intact and well-paid for the next three years, at least.
Ely Allen contributed to this post.