The Miami Dolphins’ most critical outstanding financial matter is a resolution with Tua Tagovailoa’s contract. The Pro Bowl quarterback is in a contract year.
However, there is another financial issue that should be addressed before the 2024 regular season starts. It’s Tyreek Hill’s contract situation. Hill reportedly has been looking for a new contract since the 2023 season ended.
The five-time First Team All-Pro has three years left on the four-year, $120 million contract extension he signed in March 2022 when he was acquired from the Kansas City Chiefs. On paper, Hill’s 2022 contract extension made him the NFL’s first $30 million-per-year non-quarterback. He is scheduled to make $19.765 million this year, $22.935 million in 2025 and $45 million in 2026 for a total of $87.7 million over the three years. The last of the guaranteed money in Hill’s contract is this year.
Realistically, Hill has a three-year extension for $75 million. The $45 million in the final contract year artificially inflates the value of the deal. Hill was tied with Philadelphia Eagles wideout A.J. Brown as the NFL’s second-highest-paid wide receiver at $25 million per year when the 2024 league year began in mid-March.
The Miami Dolphins’ most critical outstanding financial matter is a resolution with Tua Tagovailoa’s contract. The Pro Bowl quarterback is in a contract year.
However, there is another financial issue that should be addressed before the 2024 regular season starts. It’s Tyreek Hill’s contract situation. Hill reportedly has been looking for a new contract since the 2023 season ended.
The five-time First Team All-Pro has three years left on the four-year, $120 million contract extension he signed in March 2022 when he was acquired from the Kansas City Chiefs. On paper, Hill’s 2022 contract extension made him the NFL’s first $30 million-per-year non-quarterback. He is scheduled to make $19.765 million this year, $22.935 million in 2025 and $45 million in 2026 for a total of $87.7 million over the three years. The last of the guaranteed money in Hill’s contract is this year.
Most recently, Justin Jefferson reset the wide receiver market and replaced 49ers edge rusher Nick Bosa as the NFL’s highest-paid non-quarterback in the process. The Minnesota Vikings signed Jefferson to a four-year, $140 million contract extension, averaging $35 million per year, during the early part of June.
Jefferson’s deal established new wide receiver records for overall guarantees and the amount fully guaranteed at signing, respectively, with $110 million and $88.743 million. The $88.743 million is also the most ever fully guaranteed at signing for a non-quarterback.
The Miami Dolphins’ most critical outstanding financial matter is a resolution with Tua Tagovailoa’s contract. The Pro Bowl quarterback is in a contract year.
However, there is another financial issue that should be addressed before the 2024 regular season starts. It’s Tyreek Hill’s contract situation. Hill reportedly has been looking for a new contract since the 2023 season ended.
The five-time First Team All-Pro has three years left on the four-year, $120 million contract extension he signed in March 2022 when he was acquired from the Kansas City Chiefs. On paper, Hill’s 2022 contract extension made him the NFL’s first $30 million-per-year non-quarterback. He is scheduled to make $19.765 million this year, $22.935 million in 2025 and $45 million in 2026 for a total of $87.7 million over the three years. The last of the guaranteed money in Hill’s contract is this year.
Realistically, Hill has a three-year extension for $75 million. The $45 million in the final contract year artificially inflates the value of the deal. Hill was tied with Philadelphia Eagles wideout A.J. Brown as the NFL’s second-highest-paid wide receiver at $25 million per year when the 2024 league year began in mid-March.
Five wide receivers have signed deals at or above Hill’s $25 million per mark since then. The expected extensions for Brandon Aiyuk and CeeDee Lamb with the San Francisco 49ers and Dallas Cowboys, respectively, should easily exceed $25 million per year.
Most recently, Justin Jefferson reset the wide receiver market and replaced 49ers edge rusher Nick Bosa as the NFL’s highest-paid non-quarterback in the process. The Minnesota Vikings signed Jefferson to a four-year, $140 million contract extension, averaging $35 million per year, during the early part of June.
Jefferson’s deal established new wide receiver records for overall guarantees and the amount fully guaranteed at signing, respectively, with $110 million and $88.743 million. The $88.743 million is also the most ever fully guaranteed at signing for a non-quarterback.
Equally notable, the Dolphins signed 2021 first-round pick Jaylen Waddle to a three-year, $84.75 million extension with $76 million in guarantees where $35,978,546 was fully guaranteed at signing. At $28.25 million per year, Waddle is the NFL’s fifth-highest-paid wide receiver although he isn’t Miami’s primary receiving option.
Miami’s top receiving threat is Hill, who has had the best two seasons of his eight-year NFL career after the trade. He is the league’s most productive wide receiver over the last two years, averaging 119 receptions, nearly 1,755 receiving yards and 10 touchdown catches. Hill was in position to break the single-season receiving yards record in 2023 until he was slowed by an ankle injury last December. He is the only player in NFL history to have more than 1,700 receiving yards in consecutive seasons.
