The Broncos’ first outside addition of the new league year is certainly a notable one. Jaylen Waddle is heading to Denver.
The Dolphins have worked out a trade to send Waddle to the Broncos, as first reported by Tom Pelissero and Ian Rapoport of NFL Network. Multiple picks in the 2026 draft will be exchanged as part of the deal, as detailed by ESPN’s Adam Schefter.
Here is the full breakdown of the trade terms:
Broncos acquire
Waddle
Miami’s fourth-round pick (No. 111)
Dolphins acquire
Denver’s first-round pick (No. 30)
Broncos’ own third- and fourth-rounders (Nos. 94 and 130)
Until today, the Broncos had focused on retaining as many of their own players as possible. The AFC’s top seed in 2025 still had a vacancy with respect to pass-catching options, however. Denver was linked yesterday to interest in the tight end market, with Evan Engram disappointing during his debut Broncos campaign. Regardless of what happens on that front, a high-profile receiving option is set to be in place for next season.
More to come…