A highly uncertain aspect of anthropogenic climate change is the rate at which the global hydrologic cycle intensifies. The future change in global‐mean precipitation per degree warming, or hydrologic sensitivity, exhibits a threefold spread (1–3%/K) in current global climate models. In this study, we find that the intermodel spread in this value is associated with a significant portion of variability in future projections of extreme precipitation in the tropics, extending also into subtropical atmospheric river corridors. Additionally, there is a very tight intermodel relationship between changes in extreme and nonextreme precipitation, whereby models compensate for increasing extreme precipitation events by decreasing weak‐moderate events. Another factor linked to changes in precipitation extremes is model resolution, with higher resolution models showing a larger increase in heavy extremes. These results highlight ways various aspects of hydrologic cycle intensification are linked in models and shed new light on the task of constraining precipitation extremes.