NFL Rumors: Tyreek Hill Signs $90M Dolphins Contract; Most Guaranteed Money for WR

First, the Miami Dolphins took care of quarterback Tua Tagovailoa and wide receiver Jaylen Waddle with contract extensions ahead of the 2024 campaign.
Now, they took care of wide receiver Tyreek Hill.
Miami and Hill agreed to a restructured contract worth $90 million over the next three seasons, with $65 million guaranteed, according to Adam Schefter and Marcel Louis-Jacques of ESPN.
The agreement gives Hill $106.5 million over four years, the most guaranteed money for a wide receiver in NFL history. Ian Rapoport of NFL Network further broke down Hill's new deal:
Hill had teased the extension earlier in the day on Saturday, posting a cryptic message to his X account:
The idea of Hill receiving a new contract gained traction after the Dolphins came to terms on the extension with Waddle. Mike Florio of Pro Football Talk reported on May 30—the same day Waddle agreed to his deal—that "the effort to address Hill's contract began after the 2023 season ended."
His previous contract was also set to pay him $19.7 million in base salary in 2024, $21.8 million in base salary in 2025 and $43.9 million in base salary in 2026.
Changing those numbers with a new deal made sense for both sides. On one hand, he was underpaid relative to some of his peers in the first two years of that span. On the other hand, the Dolphins surely weren't looking to dish out that much in one year in 2026.
Then the wide receiver market reset when the Minnesota Vikings agreed to make Justin Jefferson the highest-paid non-quarterback in the league with a four-year, $140 million extension in June.
That put Hill's situation even further into the spotlight, and he discussed his contract following the Jefferson development while notably saying "being greedy ain't gonna help the team."
He also said retiring with the Dolphins was an even bigger priority than making the most amount of money:
It wasn't the first time Hill said he wanted to retire with the Dolphins. He also said as much during an appearance on the Around the Bar podcast in May (h/t Michael David Smith of Pro Football Talk).
"Obviously, I would like to retire in Miami, but we all know how the NFL is, how jobs go, and people getting promotions over here and we understand that," he said. "But Miami is a great city. I love the team I play on, love the guys in the locker room, love the head coach, love the GM. So that means sign me. I love all you guys so much, I want to stay in Miami forever, man. Keep me there."
This contract moves him one step closer to remaining in Miami for the rest of his career, which would be welcome news for the Dolphins if he continues to produce at a high level.
Hill set a career-high with 1,710 receiving yards in his first season with the AFC East team in 2022 and then improved on that in 2023 with 119 catches for 1,799 yards and 13 touchdowns. He led the NFL in receiving yards and touchdown catches during that 2023 campaign.
The speedster has a Super Bowl title (with the Kansas City Chiefs), eight Pro Bowl nods and five First-Team All-Pro selections on his resume at 30 years old.
Now he will have the opportunity to continue adding to that list of accomplishments with the Dolphins following this new deal.