About Boardroom

Boardroom is a media network that covers the business of sports, entertainment. From the ways that athletes, executives, musicians and creators are moving the business world forward to new technologies, emerging leagues, and industry trends, Boardroom brings you all the news and insights you need to know...

At the forefront of industry change, Boardroom is committed to unique perspectives on and access to the news, trending topics and key players you need to know.

All Rights Reserved. 2022.

Inside the Tyreek Hill Trade & His Record-setting Dolphins Contract

Patrick Mahomes’ favorite wideout is a Chief no more. After being traded to Miami, let’s dive into the details of the KC-Dolphins Tyreek Hill trade.

Davante Adams didn’t just get traded from the Packers to the Raiders last week — he earned a gigantic contract extension that reset the market for wide receivers. And this week, the Miami Dolphins and Tyreek Hill reset it all over again.

In an eye-popping trade that once again shakes up the NFL’s balance of power, the Kansas City Chiefs traded the Cheetah to the Dolphins for a package of picks headlined by a 2022 first-rounder. Immediately after, they locked Hill into a four-year contract extension worth $120 million, setting new records for average annual contract value and guaranteed money.

Trade season and free agency have been an absolute whirlwind. Let’s catch our breaths for a moment and get into the details of this historic Tyreek Hill trade and the contract extension that followed.

Click here to read Boardroom’s full breakdown of Hill’s contract with the Dolphins.

Sign up for our newsletter

Get on our list for weekly sports business, industry trends, interviews, and more.

Chiefs-Dolphins Tyreek Hill Trade Breakdown

Miami Dolphins get:

  • WR Tyreek Hill

Kansas City Chiefs get:

  • 2022 first-round pick (No. 29)
  • 2022 second-round pick (No. 50)
  • 2022 fourth-round pick
  • 2023 fourth-round pick
  • 2023 sixth-round pick

Note that in exchange for Adams, the Packers received just two picks: a 2022 first-rounder (No. 22 overall) and a 2022 second-rounder (No. 53 overall).

Tyreek Hill Contract Details & Salary

Dollar figures as first reported by ESPN’s Adam Schefter via agent Drew Rosenhaus.

Years: 4
Total value: $120,000,000 (No. 2 all-time among WRs)
Average annual value: $30,000,000 (No. 1 all-time among WRs)
Fully guaranteed at signing: $52,535,000(No. 1 all-time among WRs)
Total guaranteed money: $72,200,000 (No. 1 all-time among WRs)
Free agency: 2026

There you have it. Maximalists like Hill’s agent, Drew Rosenhaus, will consider this a four-year, $120 million pact, making Hill the highest-paid wide receiver in NFL history both by average annual contract value (Adams got $28 million) total guaranteed money (Adams got $67.5 million), and money fully guaranteed at signing (DeAndre Hopkins is No. 2 at $42.75 million).

Some of this comes down to interpretation, however.

As Tom Pelissero notes, some of the money in that $120 million figure was already in place as part of his previous deal, which was due to expire next year. Effectively speaking, we’re looking at three new years and $75 million in new money:

Tyreek Hill’s Career Earnings

Dollar figures via Spotrac.

CAREER BASE SALARY: $4,240,000
CAREER SIGNING BONUSES: $5,870,000
OTHER BONUSES/INCENTIVES: $30,144,171
TOTAL SALARY EARNINGS THRU 2021 SEASON$40,254,171

TOTAL SALARY EARNINGS THRU 2025 SEASON: $160,254,171

Sign up for our newsletter

Get on our list for weekly sports business, industry trends, interviews, and more.