Agent Drew Rosenhaus revealed the talks between the Kansas City Chiefs and Tyreek Hill started to fall apart after Davante Adams signed a five-year, $142.5 million deal with the Las Vegas Raiders. Hill made it clear to the Chiefs he wanted to be the highest-paid wide receiver in the NFL.
After Adams signed a lucrative five-year deal with the Raiders, it was evident the Chiefs wouldn't be able to give Hill the deal he was seeking. On Wednesday, the Chiefs traded Hill to the Miami Dolphins for five draft picks.
"The bottom line is he was in the last year of his contract," Rosenhaus told "The Joe Rose Show with Zach Krantz" on WQAM in Miami, via Audacy. "We had actually worked out a restructure that the Chiefs had wanted a week before, and it really looked like we were going to work toward a contract extension.
There was even a report that we were close to a deal, that was inaccurate, but we were working on it. Then the Adams deal really flipped everything upside down. The Chiefs, I think they had the foresight to see that Tyreek was in the last year of his contract and we weren't going to take a deal that wasn't better than Adams, so they recognized this would probably be their last year with Tyreek, and this was their opportunity to potentially rebuild at that position."
The Chiefs, Hill were trending toward working out a new deal
"At the end of the season, I started conversations with the Chiefs on a contract extension, and it really was heading in the direction of slowly but surely working out a new deal for Tyreek," Rosenhaus added.
"And then the Davante Adams trade got done and Adams got a record-setting contract and I immediately reviewed that contract and I spoke to the Chiefs and had a very positive conversation with them. (I said) that this should be the market for Tyreek and if it wasn't then the right thing to do would be for everyone to benefit, which would be for the team to have an unprecedented trade and for Tyreek to go to a team that would be willing to make him the highest-paid receiver."
The Dolphins sent the Chiefs a 2022 first-round pick (No. 29), second-round pick (No. 50) and fourth-round pick, plus fourth- and sixth-round picks in the 2023 draft. "The Chiefs, they got a lot more in value than even the Packers did for Adams," Rosenhaus said. "The Chiefs got a lot and the Dolphins got a guy who can do it all."