The Miami Dolphins officially released wide receiver Tyreek Hill on Monday, making the five-time All-Pro a free agent for the first time in his NFL career and setting the stage for a bidding war ahead of the 2026 league year, which begins March 11.
Hill’s market isn’t straightforward, though. He’s coming off a season-ending ACL tear suffered in Week 4 of the 2025 campaign, a significant variable that affects both his valuation and how soon he can realistically return to form.
Still, given his history with the Kansas City Chiefs, an immediate reunion felt like the logical outcome when Miami cut ties.
That assumption lasted less than 24 hours.
According to Kalshi, the Denver Broncos, Kansas City’s AFC West rivals, have now surged into favorite status with a 74% implied probability of landing Hill. The Chiefs trail at 55%, followed by the Pittsburgh Steelers at 10%.
Denver holding the strongest implied probability to land Hill is a striking development given Kansas City’s emotional and schematic fit, as well as their need for depth at the receiver position. It also carries significant ripple effects inside the AFC West.
The Broncos were dominant on both sides of the ball in 2025, pairing an elite defense that led the league with 68 sacks with a balanced offense that averaged 342.6 yards per game — 10th in the NFL.
Still, there’s room to elevate the passing attack. Courtland Sutton is entering the later stages of his prime, while younger receivers Troy Franklin and Marvin Mims Jr. are still developing. Adding another proven difference-maker would solidify the room and raise the unit’s ceiling.
That’s where Hill changes everything.
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Even if he’s expected to miss a chunk of early 2026 while rehabbing his ACL, Hill’s route precision, vertical speed, and big-game ability instantly transform how defenses would have to game-plan Denver.
The Broncos wouldn’t be buying a September jolt; they’d be investing in a potential late-season accelerator and postseason difference-maker capable of helping the franchise capture its first Super Bowl since 2015.
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