Hill traded to Miami

The Chiefs are trading WR Tyreek Hill to the Dolphins in exchange for the 29th overall pick of this year's draft, plus 2022 2nd- and 4th-round picks and 2023 4th- and 6th-rounders, according to ESPN's Adam Schefter. Hill will reportedly get a contract extension from Miami that will make him among the highest-paid WRs in the league. His fantasy value takes a hit with the move. He goes from QB Patrick Mahomes to QB Tua Tagovailoa and from a pass-heavy offense to what figures to be a more balanced offense under new Dolphins HC Mike McDaniel. Hill remains arguably the most electric playmaker in the NFL, though, and should garner a big target share in Miami. He's still a WR1. The Chiefs, meanwhile, are currently left with WRs JuJu Smith-Schuster, Mecole Hardman, Josh Gordon, Justin Watson, Cornell Powell and Corey Coleman. They figure to add to the group in free agency and/or the draft, but Smith-Schuster and Hardman gets sizable boosts with Hill's departure.

Update: Miami is giving Hill a 4-year, $120 million extension with $72.2 million guaranteed, according to agent Drew Rosenhaus. That $30 million per year puts Hill a couple million ahead of new Raider Davante Adams for highest-paid WR.