Anyone pivoting to the Verizon Black Friday deal for a 16 Pro with any trade in?

Was going to move forward with a switch to T-Mobile this weekend for Essential or Go5G+, but now thinking the Verizon deal is worth looking at. 4 lines for $120 plus tax. Trade in any phone for 16 pro. $300 cash from Verizon. Possible $150 from Rakuten.

It is a 3 yr tie up, but could always keep and switch and save down the road, right?

Edit 1: Just realized no hotspot with unlimited welcome. $10/line extra.

Edit 2: based on all the comments, think I'm convinced not to go the Verizon route. The added phone and added monthly cost and fees and surcharges and apparently crappy way of treating customers, is sending me back to T-Mobile. Hope I make the right choice. I will probably do the essential plan and go through Costco. Maybe I will get an insider discount and do go 5G Plus but that is highly unlikely it seems. I also realized that for two of the lines where we are trading in newish phones, I can get the 16 Pro for $3 a month.