The Miami Dolphins acquired All-Pro wide receiver Tyreek Hill from the Kansas City Chiefs on Wednesday for a package of five draft picks, including picks in the first and second round this year.

The Dolphins confirmed the trade, pending results of a physical.

Hill agreed to a four-year contract extension with the Dolphins that will pay him $120 million, including $72.2 million guaranteed, per multiple reports. The deal makes him the highest-paid wideout in the NFL, eclipsing Davante Adams¡¯ new deal ($28.5 million annual average value) in Las Vegas. Adams¡¯ total value of $141.25 million remains No. 1 among wideouts.

The Chiefs will receive a first-round pick (No. 29), a second-round pick (No. 50) and a fourth-rounder in the 2022 NFL Draft. They also get fourth- and sixth-round picks in the 2023 draft.

The Chiefs gave Hill permission to seek a trade amid stalled negotiations on a contract extension, NFL Network and ESPN reported. Hill rejected an extension that would have made him one of the highest-paid receivers in the league, per the report. The implication was that the Chiefs¡¯ offer didn¡¯t match Adams¡¯ haul.

Hill, who turned 28 earlier this month, is a three-time All-Pro in his six seasons in Kansas City. He has made the Pro Bowl every year he¡¯s been in the league. He has 479 career receptions for 6,630 yards and 56 touchdowns in 91 games for the Chiefs. He has another 719 yards rushing with six TDs.

¡°It¡¯s hard to put into words what Tyreek has meant to Chiefs Kingdom over the last six years,¡± Kansas City general manager Brett Veach said. ¡°He¡¯s a special player, one of the best in franchise history. He¡¯s been a large part of our success, including our Super Bowl championship run. This decision was incredibly difficult, but we felt it was a necessary move in the best interest of the team, and also for Tyreek. We wish him the best as he continues his career.¡±

Hill earned his sixth Pro Bowl appearance in 2021 after catching 111 passes for 1,239 yards and nine TDs.

¡°I am happy for Tyreek, he has grown as a man and player here in Kansas City,¡± Chiefs coach Andy Reid said. ¡°Myself, my staff and our organization appreciate all he did for our team. This move will also benefit the Chiefs, we now have cap space and additional draft picks to grow as a football team. I wish him well as he moves forward.¡±

The Chiefs selected Hill in the fifth round of the 2016 draft.

The 2022 NFL Draft is thought to be the ¡°deepest in a decade¡± at wide receiver, per Field Level Media draft analyst Mark Jarvis.