Tyreek Hill and the Chiefs have agreed to a contract extension.
The terms of the deal is for three years and $54 million. This includes around $35 million in guarantees. The new average annual value of $18 million ties him with Odell Beckham Jr. as the second highest paid receiver in football.
To be clear, this deal begins after this season. Meanwhile, Hill will make $1.965 million this season. His rookie deal ends this year, and the extension will start in 2020. Essentially, it’s a four year/$55.965 million agreement.
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Coming To Agreeance
After a rocky offseason for Hill, things look much more clear for the future. Reports suggest the Chiefs had wanted to extend Tyreek Hill this year, even before the child abuse investigation came about.
This is a rare deal. Hill will receive a large value of money per year. But, this extension includes a minimal signing bonus and there is protection for the Chiefs if necessary. Given the comment from Chiefs general manager Brett Veach, there protection is evident.
Here is what Veach had to say about the breaking news: “We’re pleased we were able to reach an agreement with Tyreek to keep him in a Chiefs uniform for the foreseeable future. He understands our expectations of him as a member of this team and community. This extension is contingent upon the conditions Tyreek agreed to adhere to upon his return to the team in July. Tyreek is an elite player in this league. He has played a major role in our team’s success. We’re pleased that he’ll continue to make an impact for us.”
What This Means For The Chiefs
Besides the interesting contract structure, this deal looks to be a win-win for both the Chiefs and Hill. It’s a short term deal that will pay the receiver handsomely. He also only 25 years old and can get back to the negotiation table again soon. Additionally, a new upcoming CBA and more cap space in a few years could set up a bigger payday.
In 47 NFL games, Tyreek Hill has tallied over 3,700 total yards and 34 touchdowns. He’s also a three time Pro Bowler. As a result, the future outlook could be bright if things will go smooth for both the Chiefs and Tyreek Hill.
– Braden Holecek is the Kansas City Chiefs managing editor for Full Press Coverage. He covers the NFL. Like and follow on Follow @ebearcat9//platform.twitter.com/widgets.js Follow @FPC_Chiefs//platform.twitter.com/widgets.js and Facebook.