On Friday, the NFL world learned that the Miami Dolphins plan to keep quarterback Tua Tagovailoa behind center for at least the next two seasons, as the team picked up the fifth-year option on Tagovailoa’s rookie contract.
The Dolphins also made a significant move with Tagovailoa’s top target.
According to Adam Schefter of ESPN, the Dolphins agreed to a reworked contract with wide receiver Tyreek Hill. The team converted the majority of Hill’s $16 million salary into a signing bonus, allowing them to save about $18 million against the salary cap.
Dolphins are converting Tyreek Hill’s $10 million roster bonus and $16 million salary into a $24.835 million bonus and an $1.165 million salary, saving the team about $18 million against their salary cap, per sources.
— Adam Schefter (@AdamSchefter) March 10, 2023
“Dolphins are converting Tyreek Hill’s $10 million roster bonus and $16 million salary into a $24.835 million bonus and an $1.165 million salary, saving the team about $18 million against their salary cap, per sources,” Schefter tweeted.
Hill signed a four-year contract worth a whopping $120 million with the Dolphins last offseason after being traded from the Kansas City Chiefs.
He proved that he’s worth the money by catching 119 passes for 1,710 yards — both of which ranked second in the league — and seven touchdowns last season, despite Tagovailoa missing quite a bit of time due to injury. Hill earned Pro Bowl and first-team All Pro honors as a result.
After reworking Hill’s contract, the Dolphins are now more than $28.5 million below the NFL’s $242.8 million salary cap for the 2023 season, per OverTheCap. That should position the team to pursue some significant names once free agency opens on Wednesday.
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Publish Date:2023-03-11 04:45:05