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,…
Source link : https://www.cbssports.com/nfl/news/agents-take-how-dolphins-can-effectively-compensate-tyreek-hill-with-a-market-value-contract/
Author : Joel Corry
Publish date : 2024-06-27 16:07:26
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