Source: Tyreek Hill gets $35.2M guaranteed in 3-year extension with Chiefs

The Kansas City Chiefs have signed Tyreek Hill to a three-year extension worth $54 million, a source told Yahoo Sports on Friday.

Hill's extension has a unique structure, the source said, and includes $35.2 million guaranteed and a $5.8 million signing bonus.

The Chiefs had been interested in extending Hill, 25, since a child-abuse investigation on the wideout and his then-fiancée closed with the NFL deciding not to punish Hill.

“He understands our expectations of him as a member of this team and community,” Chiefs general manager Brett Veach said in a statement. “This extension is contingent upon the conditions Tyreek agreed to adhere to upon his return to the team in July. Tyreek is an elite player in this league and has played a major role in our team’s success, and we’re pleased that he’ll continue to make an impact for us.”

Hill, a three-time All-Pro, is coming off a third season in which he notched career highs in catches (87), yards (1,479) and touchdowns (12). He was entering the fourth and final year of his rookie deal after the Chiefs selected him amid controversy as a fifth-round pick in 2016.

“Kansas City is my home, and I appreciate the love and support from [team owner] Clark Hunt, Coach [Andy] Reid and Brett Veach, along with my coaches and teammates,” Hill said in a statement.

Hill gets a large infusion of cash after vastly outperforming his rookie deal. By signing the deal, he also gets to remain with the organization that stuck with him throughout the child-abuse investigation and took a chance on him by selecting him in 2016, when he was off many teams' draft boards due to his domestic-abuse guilty plea for a 2014 incident with the same woman involved in his most recent investigation.

From the Chiefs' perspective, the deal allows them to lock up an elite receiver yet does not approach the record five-year, $95 million deal another elite wideout, Odell Beckham Jr., signed with the New York Giants a year ago. Beckham's contract included $65 million in guarantees, while Hill will receive about half that.

The deal also clears the way for the Chiefs to franchise-tag another star fourth-year player entering the final year of his rookie deal — defensive tackle Chris Jones — next offseason if the two sides can't agree to an extension during the season.

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