KANSAS CITY, Mo. – The Kansas City Chiefs traded Tyreek Hill to Miami for a package of draft picks Wednesday, and the Dolphins are giving the three-time All-Pro wide receiver a $120 million, four-year contract extension that makes him the highest-paid player at his position.

The Chiefs will get the Dolphins’ first- and second-round picks and their fourth-rounder in this year’s draft, and fourth- and sixth-round picks next year, along with some much-needed salary cap relief in the latest major NFL trade.

“It’s hard to put into words what Tyreek has meant to Chiefs Kingdom,” Chiefs 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’s agent, Drew Rosenhaus, said the extension from Miami includes $72.2 million guaranteed. The value of the deal surpasses the five-year contract that Davante Adams signed after he was traded from Green Bay to Las Vegas last week, which averages $28.5 million and includes $67.5 million guaranteed.

The Chiefs had been in discussions with Hill on a contract extension in part because they were seeking relief from a tight salary cap situation. But talks had stalled over the past few days, and Hill’s representatives requested permission to seek a trade, which came together quickly with multiple teams expressing interest in him.

The deal clears more than $18 million in salary cap space for Kansas City.

Hill appeared to indicate his time with the Chiefs was over more than a week ago when the six-time Pro Bowl selection tweeted: “we came a long way thank you chiefs kingdom I’m forever indebted.” He also was keenly aware of the market for top wide receivers, retweeting a post about the Jaguars signing Christian Kirk to a four-year, $84 million deal.

It has been a wild NFL offseason when it comes to big names.

The Seahawks traded Russell Wilson to the Broncos, Deshaun Watson went to Cleveland, the Falcons sent Matt Ryan to the Colts and Carson Wentz landed with the Commanders.