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Report: Chiefs negotiating a “record-setting” deal for Tyreek Hill

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The words “record-setting” indicate that Hill will become the highest-paid receiver in the NFL.

NFL: Pro Bowl Reinhold Matay-USA TODAY Sports

The Kansas City Chiefs have begun negotiations with wide receiver Tyreek Hill, according to a new report from NFL Network’s Ian Rapoport.

Rapoport uses the words “record-setting” when describing the deal for Hill in his report, leading one to believe Hill is set to earn a contract in the range of Odell Beckham Jr.’s 2018 contract with the New York Giants that made him the game’s highest-paid receiver.

Beckham Jr. and the Giants agreed to a five-year deal worth $95 million ($65 million guaranteed) last offseason.

Hill is entering the final year of his rookie deal, which marks the first opportunity for the Chiefs to negotiate with the two-time first-team All-Pro.

Hill set the Chiefs’ single-season franchise record for receiving in 2018 with 1,479 yards, catching 87 passes. Hill had 13 total touchdowns in 2018 and, including punt and kick returns, has 34 touchdowns for Kansas City over the course of his three-year NFL career.

The fact that the deal will be “record-setting,” as described by Rapoport, is part of the reason the Chiefs will almost assuredly part ways with Justin Houston and his $21.1 million cap number, as well as potentially (more on that here) trade Dee Ford, this offseason.

The Chiefs will likely extend defensive lineman Chris Jones in addition to Hill, with Patrick Mahomes’ massive contract extension looming in the 2020 offseason.