Overview
- Denver receives Jaylen Waddle and pick No. 111, while Miami gets the Broncos’ 2026 first-rounder (No. 30), third-rounder (No. 94) and fourth-rounder (No. 130), according to multiple reports.
- Waddle, 27, joins Courtland Sutton to headline Sean Payton’s passing attack for Bo Nix after logging three 1,000-yard seasons and a 2025 line of 64 catches for 910 yards and six touchdowns.
- The receiver is under contract through 2028 on a three-year, $84.75 million extension signed in 2024, with a relatively modest 2026 cap hit reported by Spotrac.
- Miami accelerates its overhaul under new leadership, now holding two first-round picks (Nos. 11 and 30) for the 2026 draft and facing a thinned receiving corps around new quarterback Malik Willis.
- Analysts say the return elevates pricing for veteran wideout trades and reshapes draft plans for receiver-needy teams, with A.J. Brown’s market frequently cited as a potential ripple effect.