Andy Reid says the Kansas City Chiefs wanted to retain Tyreek Hill, but the salary cap eventually got in the way.

Kansas City traded Hill to the Miami Dolphins last week. The wide receiver then signed a massive contract extension with the Dolphins.

"I love Tyreek Hill," Reid said. "There's no rift between Tyreek Hill and myself. I thought he deserved an opportunity if that's where he wanted to go. He's a family man that has a few kids and he's got to be able to support them now and down the road, and this gives him an opportunity to do that. At the same time, it gives us great compensation.

"We came in aggressive [with a contract offer], and after we got to a point, we just said, 'Listen, in this day and age you have issues you have to deal with with the cap.' So we felt like it was better to allow him to go ahead and be traded. ... You can go different routes with a player. You can play hardball or you can go about it the way I did, or we did."

The Kansas City Chiefs have signed Ronald Jones to a one-year contract.

Jones, 24, was a second-round pick of the Tampa Bay Buccaneers in 2018. 

The Chiefs needed to add a running back to pair with Clyde Edwards-Helaire. Darrel Williams and Jerick McKinnon are unrestricted free agents.

Marquez Valdes-Scantling has signed a three-year, $30 million deal worth up to $36 million with the Kansas City Chiefs.

On Wednesday, the Chiefs traded Hill to the Miami Dolphins for five draft picks.

For the Packers, it's another wide receiver the team will have to replace after trading star wide receiver Davante Adams to the Las Vegas Raiders last week.

After playing in every game over his first three seasons, Valdes-Scantling missed six games last season: five because of a hamstring injury and one because of COVID-19. That limited him to just 26 catches (tying a career low) for 430 yards (a career low) and three touchdowns.

Another NFL odds aftershock rattled the AFC Wednesday when the Kansas City Chiefs traded WR Tyreek Hill to the Miami Dolphins. Hill becomes the highest-paid wide receiver in NFL history after signing a 4-year, $120 million contract extension.

The deal gives the Dolphins a boost in their quest for relevance in the AFC East but still leaves them far behind division-rival Buffalo when it comes to NFL futures betting markets.

The Bills were one of the biggest beneficiaries in the AFC on betting sites and at sportsbooks. Their edge over Kansas City swelled after the swap. The Bills are now +375 at Caesars Sportsbook to win the AFC. Buffalo was +400 before Hill became a Dolphin. Meanwhile, the Chiefs slid from +450 to +500.

The Bills are -190 at DraftKings to win the AFC East for the third straight season. The Dolphins are +400, tied with New England. The Dolphins beat the Patriots twice last season. The Jets, who were the runner-up in the Hill sweepstakes, are overpriced at +2200.

The Bills and Chiefs remain the only AFC teams with odds lower than +1500 at Caesars to win Super Bowl 57.

Deal Moves The Needle In The AFC

Here’s a look at how the AFC title odds changed when Tyreek Hill was traded from Kansas City to Miami. Five teams saw their prices change, which is quite remarkable considering just one starting player was dealt.

2022-23 AFC Champion Odds Before & After Tyreek Hill Trade

Current odds via Caesars Sportsbook and subject to change

AFC Roiled By Major Changes

Since the end of last season, the AFC has welcomed five new head coaches, seen four teams land new starting QBs, and multiple key players change uniforms.

AFC QB Shifts

Here’s a look at the AFC teams that have changed QBs this offseason so far.

AFC Coaching Shifts

Here’s a look at the AFC teams that have changed coaches this offseason. They are listed with their new coach and the coach from the final game of the 2021-22 season.

Is Miami Now A Playoff Contender?

Miami has not reached the playoffs since 2016. The Dolphins have appeared in the postseason just twice in the past 20 years.

McDaniel enters his first season as a head coach. The addition of Hill came a day after the Dolphins landed Pro Bowl tackle Terron Armstead. Running backs Raheem Mostert and Chase Edmonds, and receiver Cedrick Wilson, have also signed with the Dolphins.

Dolphins Futures Odds Movement

Here’s a look at the NFL betting market at DraftKings for the Dolphins to win the Super Bowl, AFC and AFC East before and after the Hill trade.

The Dolphins – for now – are sticking with Tua Tagovailoa at quarterback. Former Dolphins head coach Brian Flores never had full faith in Tagovailoa. That may have hindered the QB’s performance. There will be no such excuses in South Florida this season.

Jaylen Waddle and Hill now form one of the fastest WR tandems in the NFL. Hill gives Miami a deep threat the team has been lacking for several seasons.

Chiefs Left Behind In AFC West?

The Chiefs and QB Patrick Mahomes II are now left to play catch-up in the AFC West, even though they remain betting favorite to win the division for a seventh straight season. The Chargers are bringing back Justin Herbert and Mike Williams. The Broncos have Russell Wilson and Nathaniel Hackett at the helm. And the Raiders have Josh McDaniels manipulating an offense that includes Derek Carr, Hunter Renfrow, Darren Waller and Davante Adams.

Hill caught 67 TD passes in his four seasons with the Chiefs. He went over 1,000 yards receiving each year, was named to the Pro Bowl three times and won a Super Bowl.

Chiefs Futures Odds Movement

Here’s a look at the odds at DraftKings for the Chiefs to win the Super Bowl, AFC and AFC West before and after the Hill trade.

The public portion of the deal for Hill developed quickly. A series of big-money WR contracts this free-agency period was the trigger. Hill ended up with an extension that includes $72.2 million in guaranteed money. That’s something he could not have gotten in Kansas City due to the Chiefs’ salary cap limitations.

Adams ended up in Las Vegas after being hit with a $20.14 million franchise tag by the Packers. Adams made it known he was unhappy with his deal in Green Bay and ended up with a 5-year, $142.5 million extension with $67.5 million guaranteed. The Panthers gave WR D.J. Moore a 3-year contract extension worth $61.884 million. The Buccaneers franchised WR Chris Godwin, but soon extended him for 3 years with $40 million guaranteed.

The Kansas City Chiefs traded Tyreek Hill to the Miami Dolphins on Wednesday, but the New York Jets were involved in talks for the Pro Bowl wide receiver up until the end.

According to a report, the Jets offered K.C. two 2022 second-round picks (35th and 38th overall) and a 2022 third-rounder (69th) for Hill.

While the Jets didn't offer a first-round pick like Miami, the total package was comparable. Accepting New York's offer would have given Kansas City three picks in the first 38 selections.

Once they received acceptable offers from the Dolphins and Jets, the Chiefs let Hill make the final decision.

The Miami Dolphins have agreed to acquire Tyreek Hill from the Kansas City Chiefs for 2022 draft picks in the first, second and fourth rounder, along with a fourth and sixth in 2023.

Hill will also sign a four-year, $120 million extension with the Dolphins that includes $72.2 million in guaranteed money.

Tyreek Hill has been granted permission to seek a trade from the Kansas City Chiefs as extension talks stalled.

The Miami Dolphins and New York Jets have emerged as the two most likely trade partners with the Chiefs for Hill.

Hill, who has been selected to the Pro Bowl in all six seasons of his NFL career, had a career-best 111 receptions for 1,239 yards and nine touchdowns last season.

If the Chiefs trade Hill, the Chiefs' wide receivers would include free-agent addition JuJu Smith-Schuster, Mecole Hardman, Josh Gordon, Justin Watson, Cornell Powell, Gehrig Dieter and Corey Coleman.

JuJu Smith-Schuster has agreed to a one-year, $10.75 million deal with the Kansas City Chiefs.

Smith-Schuster caught 15 balls for 129 yards over five games in 2021 as he was limited due to a shoulder injury.

During the 2018 season, Smith-Schuster caught 111 balls for 1,426 yards. 

The San Francisco 49ers will sign Charvarius Ward to a three-year deal worth up to $42 million.

The former Kansas City Chiefs cornerback will get $26.7 million in guaranteed money.

Ward, who turns 26 on May 16, has been a regular in the Chiefs' starting lineup since late in the 2018 season.

The Kansas City Chiefs are putting their franchise tag on offensive tackle Orlando Brown, Jr., according to sources.

Brown, 25, becomes the first free-agent-to-be this offseason known to be getting the franchise tag. The deadline for teams to designate franchise players is Tuesday at 4 p.m. ET.

The Chiefs acquired Brown in a trade with the Baltimore Ravens last year and he started every game at left tackle for the team in 2021.