The Chiefs are trading wide receiver Tyreek Hill to the Miami Dolphins in exchange for five draft picks, including a first-rounder (No. 29 overall) in the 2022 draft
The Dolphins and Chiefs have since announced the trade. Hill will receive a contract extension with the Dolphins following the trade.
The contract extension was the sticking point that led to Hill's divorce from the Chiefs. The receiver had been offered a deal that would have made him one of the NFL's highest-paid receivers with the Chiefs
but the offer did not satisfy the speedster, leading the Chiefs to give Hill's representation permission to seek a trade.
They found one with the Dolphins, where Hill will receive the extension he sought while also immediately becoming their most prominent player.
Rapoport and Pelissero reported Hill's new extension is for four years and is worth $120 million with $72.2 million guaranteed.
"I am happy for Tyreek, he has grown as a man and player here in Kansas City," Chiefs head coach Andy Reid said in a statement.
This move will also benefit the Chiefs, we now have cap space and additional draft picks to grow as a football team. I wish him well as he moves forward."
Hill has made quite an impact on the NFL since arriving via the fifth round of the 2016 draft.