In a blockbuster move that’s sure to shake up the NFL landscape, the Denver Broncos are bringing in wide receiver Jaylen Waddle from the Miami Dolphins. This trade, as reported by Tom Pelissero, sees the Broncos acquiring Waddle along with a fourth-round pick in 2026 (No. 111 overall).
In return, Denver is sending Miami their first, third, and fourth-round picks at No. 30, No. 94, and No.
For Denver, this move is a significant leap forward in their offensive arsenal. Up until now, they had been relatively quiet in free agency, but adding a dynamic playmaker like Waddle gives quarterback Bo Nix a formidable No. 1 target. This could be the spark the Broncos need to elevate their passing game and compete at a higher level.
On the flip side, the Dolphins continue their strategic roster overhaul. Despite earlier reports suggesting Miami wasn’t keen on parting with Waddle, the allure of multiple draft picks proved too enticing. This decision aligns with their broader plan, even though it leaves a hefty $23 million in dead money and bumps Waddle’s cap hit in 2026 by $11 million.
Waddle, now 27, made his mark at Alabama, earning first-team All-American honors before an ankle injury cut short his 2020 season. Drafted sixth overall by Miami in 2021, he quickly became a key contributor.
His initial four-year contract was extended with a lucrative three-year, $84.75 million deal ahead of the 2024 season. With $17 million and $24 million due over the next two years, Waddle’s financials reflect his elite status.
In the 2025 season, Waddle showcased his skills with 64 receptions for 910 yards and six touchdowns across 16 games. His ability to stretch the field and make big plays will undoubtedly be a boon for Denver, while Miami looks to capitalize on their new draft assets to continue building for the future.