The Denver Broncos are making waves in the NFL with a bold move to acquire wide receiver Jaylen Waddle from the Miami Dolphins. In exchange, the Broncos are sending a 2026 first-round pick, along with third- and fourth-round selections, to Miami. This move signals Denver's commitment to going all-in for the upcoming season.
Some critics have suggested that the Broncos might have overpaid for Waddle, who isn't universally seen as an elite receiver. However, let's break down the trade to see if Denver got good value.
The Broncos parted with the 30th and 94th picks, and improved their fourth-rounder from 130th to 111th. According to trade value charts, the Dolphins gained a net of 714 points, which is close to the value of the 25th overall pick.
The big question is whether Waddle or Courtland Sutton will become the primary target for Denver's quarterback, Bo Nix, this fall. Last season, Waddle was a key player for the Dolphins, leading the team with 100 targets, 910 receiving yards, and tying for the lead with six receiving touchdowns.
He was second in receptions with 64. Waddle, however, downplays the notion of a "No. 1" receiver, emphasizing teamwork and the collective goal of winning.
Financially, the trade is savvy. Waddle's contract, with three years and $68.6 million remaining, averages out to $22.9 million per year. This is slightly less than what Denver pays Sutton, meaning the Broncos have secured two top-tier receivers for a combined salary that's just a bit more than what Ja’Marr Chase earns in Cincinnati.
Ultimately, this trade underscores Denver's belief in their potential to contend for a Super Bowl. They were just one win shy of the big game last season, and adding Waddle could be the final piece they need. If Waddle helps bring the Lombardi Trophy to Denver, the investment will be seen as well worth the price.