Overview
- Trade terms, per multiple reports: Denver receives Jaylen Waddle and Miami’s 2026 fourth‑round pick (No. 111), while Miami gets Denver’s 2026 first‑rounder (No. 30) plus the Broncos’ picks at Nos. 94 and 130.
- The move is reported as executed pending a physical, with Denver assuming the remainder of Waddle’s multi‑year contract, including his 2026 base salary.
- Waddle, a 2021 No. 6 overall pick with three 1,000‑yard seasons, joins Courtland Sutton to strengthen Sean Payton’s receiving corps for quarterback Bo Nix.
- Miami adds premium draft capital for 2026, now holding two first‑round selections and seven picks across the first three rounds as it reshapes the roster.
- With Tyreek Hill and now Waddle gone, the Dolphins’ receiving depth is thinned heading into the draft, heightening expectations they target help at wideout.