I have said before I would probably tag Hill for a year and then let him walk. He will be going for the moon contract-wise and I am not a fan of paying him eventually around $20M per season. By then, Mahomes will have a few years under his belt and probably could be great without needing Hill. You just have to see too if you have young players who could pick up the slack.
The Patriots are a great example of a franchise who won't really hand out those big contracts but they have been the most successful franchise in the league, granted they have Brady and Belichick.
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