Overview
- Multiple outlets report Denver will receive Jaylen Waddle and Miami's 2026 fourth‑rounder (No. 111) for the Broncos' 2026 first (No. 30), third (No. 94) and fourth (No. 130), with the agreement pending a physical.
- Waddle, 27, is in the first season of a three‑year extension worth roughly $84.7–$84.8 million, and reporting indicates the Broncos will assume the remaining obligations, with Denver responsible for a portion of his 2026 guarantees.
- The move bolsters a Broncos offense built around quarterback Bo Nix after a 2025 run to the AFC's No. 1 seed, placing Waddle alongside Courtland Sutton, Troy Franklin and others under new play‑caller Davis Webb.
- Miami continues a teardown under GM Jon‑Eric Sullivan and coach Jeff Hafley, having already parted with Tua Tagovailoa, Tyreek Hill and Bradley Chubb, and now holds first‑round picks Nos. 11 and 30 as part of 11 total 2026 selections.
- Reporting notes timing factors tied to Waddle's option bonus and highlights Miami's need to replenish its receiver group in the draft after moving its top pass catcher.