The Buffalo Bills and Miami Dolphins are on the verge of a seismic trade, nearing a deal that would send running back James Cook and a 2026 third-round pick to Miami in exchange for wide receiver Tyreek Hill, sources told ESPN Saturday. With Cook’s $5.7 million cap hit entering its final year and Hill’s $27.7 million cap hit looming from his 3-year, $90 million Dolphins pact (Spotrac), talks have heated up as Bills GM Brandon Beane eyes a WR1 upgrade and Dolphins GM Chris Grier weighs Hill’s trade hints (X @SkySportsNFL, 1/6/2025). Buffalo’s $3.9 million cap space means a restructure of Josh Allen’s deal is in play, while Miami could shed Hill’s salary for Cook’s hometown appeal. “It’s close,” an insider said. “Both sides see the fit.”

Cook’s 2024 breakout with Buffalo dazzled—1.009 rushing yards, an NFL-leading 16 touchdowns, and 258 receiving yards with 2 TDs on 32 catches in 15 games (NFL.com). The 25-year-old’s 4.5 yards per carry fueled the Bills’ AFC East crown. Hill, meanwhile, notched 81 catches for 959 yards and 6 TDs in 17 games for Miami, a step down from his 1,799-yard 2023 but still lethal at 13.9 yards/catch (NFL.com). Over a decade, Hill’s piled up 15,510 yards and 111 TDs, his 4.21-second 40-yard dash speed a defensive nightmare (Web ID: 10). Both stars bring elite playmaking, setting the stage for a trade of titans.

For Buffalo, landing Hill could reignite a passing attack—14th in yards per game (226.4) in 2024, per ESPN—with a speedster Josh Allen’s long craved, thrilling Bills Mafia on X: “Hill for Cook? Allen’s about to feast!” But parting with Cook risks their run game, leaving Ty Johnson untested as RB1. For Miami, Cook—a Miami native—could jolt a backfield ranked 24th in rushing yards (112.3/game), syncing with Tua Tagovailoa’s quick strikes (Web ID: 9), though losing Hill to a division foe stings. If this deal seals, the AFC East rivalry could hit a fever pitch—or leave one side reeling.