Overview
- Trade terms, per multiple reports: Denver receives Jaylen Waddle and Miami’s 2026 fourth-rounder (No. 111), while Miami gets Denver’s 2026 first (No. 30), third (No. 94) and fourth (No. 130).
- The agreement is widely reported and awaits routine processing, with reporting indicating the Broncos are expected to assume Waddle’s remaining contract pending his physical.
- Miami now owns two first-round picks (Nos. 11 and 30) and 11 total selections in 2026 as GM Jon-Eric Sullivan and coach Jeff Hafley continue the roster reset.
- Waddle joins Courtland Sutton atop Denver’s receiver group, giving Bo Nix a proven big-play target after a quiet start to the Broncos’ offseason.
- The Dolphins’ receiver room thins for new quarterback Malik Willis, while Waddle remains under contract through 2028 after his 2024 extension.