Miami Dolphins agree to restructured contract with Tyreek Hill, sets NFL record for guaranteed money

The Miami Dolphins have agreed to another new contract with one of their best players on Saturday afternoon. They have restructured the contract of wide receiver Tyreek Hill worth $90 million over the next three years with $65 million guaranteed.

Because it's a restructured contract, it brings his fully guaranteed money up to $106.5 million, making it the most for any wide receiver.

Hill has been one of the more dominant receivers in the NFL over the last few seasons. So much so that he was named the best player in the league by his peers.

The intriguing element of this contract is going to be structure. He was slated to make $87.5 million over the next three years but there were no guarantees after 2024 and his final year was viewed as a fake year at $43.9 million.

What Hill does get with this contract is a massive amount of guarantees and security after the 2024 season. This season, Hill is due $19,665,000 in guaranteed salary, meaning that he will receive $45,335,000 in new guarantees.

The Dolphins had signed quarterback Tua Tagovailoa and wide receiver Jaylen Waddle to extensions this offseason and now have their best player on a better contract for him.