Tyreek Hill set a new standard for wide receiver contracts a few years back with a $30 million average annual value on his four-year deal. Recently, he has been surpassed by Justin Jefferson ($35 million), A.J. Brown ($32 million), and Amon-Ra St. Brown ($30.02 million), while his teammate Jaylen Waddle received more guaranteed money in his extension than Hill did in his Miami contract. As there is only one year of guaranteed money left on Hill’s current contract, he is seeking a renegotiation.
[RELATED: Tyreek Hill Addresses Contract Situation]
In an interview with Aaron Wilson of KPRC2 in Houston, Hill confirmed that he is in search of a new deal.
“I’m very excited to be part of the group that previously had $30 million, and then Justin Jefferson came and exceeded that,” Hill remarked. “So, I’m very proud of those guys and happy for my teammate Waddle for getting his new deal. At 30 years old, I’m also looking for a new contract. I’m eager to see where I fit in. It’s amazing.”
Hill is currently playing on the $120 million, four-year contract he signed with the Dolphins in 2022. However, by 2024, all guaranteed money will be fulfilled. With a hefty cap hit exceeding $50 million in 2026 and a potential out clause after 2024, it would be beneficial for both parties to revisit contract negotiations.
Despite Hill’s impressive performance with the Dolphins, he will be entering his 30s in 2024, making it unlikely for him to achieve Jefferson’s record average annual value. However, Hill has expressed that he doesn’t aspire to be the league’s highest-paid wide receiver. This could lead to a compromise where Hill secures more guaranteed money and a higher average annual value, while the Dolphins can better manage their finances for 2025 and 2026.
Thankfully, Hill is not letting thoughts of a pay raise distract him. He emphasized that his primary focus is aiding the Dolphins in achieving Super Bowl success.
“I’m excited for the potential contract renegotiation, but winning the Super Bowl is the ultimate goal,” Hill declared. “Getting paid is nice, but bringing a championship to Miami is special and lasting. That is truly monumental for all of us. Let’s create greatness.”
