Jaylen Waddle is heading to Denver.
The Dolphins and Broncos have agreed to a trade that has Waddle, the Dolphins’ No. 1 wide receiver, going to Denver and a first-round pick going to Miami.
The full deal is reportedly Waddle and a fourth-round pick for the Broncos’ first-, third-, and fourth-round picks.
It’s a big move for the Broncos, who are building aggressively around quarterback Bo Nix in the hopes that they can advance even further than they did in 2025, when they were one of the NFL’s biggest regular-season surprises as the No. 1 seed in the AFC. Without Nix, the Broncos lost the AFC Championship Game, but with him they think they’re Super Bowl contenders, and they think Waddle can be a big piece of a championship-caliber team.
The 27-year-old Waddle has spent his entire career with the Dolphins, who selected him with the sixth overall pick in the 2021 NFL draft. He’s a big-time talent, but the Dolphins are rebuilding and have decided to go with cheaper players while stockpiling draft picks.
Now Denver hopes it’s putting the finishing touches on a Super Bowl roster.
-
Sad to see him go.
BUT, all things considered it makes sense in the long run. We need more than Waddle to become relevant so these draft picks are necessary.Csonka Marino likes this. -
I like it.
we are in a long rebuild, Waddle is a luxury player, he is not a franchise player. He would have been rotting here dealing with consecutive losing seasons that may extend to 2028.. it is better to cash out now before his value tanks way down
the picks we got is more than i expected..
I said a couple times here, we only have two players that can net us first round picks.. achane can get us two firsts, waddle can get us 1…
we got more than just a first.. we got a third and a fourth as well. -
Controversial take, but Waddle feels like one of those good not quite great guys. I dont really mind the trade and think we got decent value. Maybe ill have to eat my words but whatever.
Waddle is capable of having big games and big moments, but he also has a bit of an injury history and some hands issues that I think keep him away from being a true elite guy. I liked him a lot, but he felt overdrafted in that slot and that we kept waiting for him to really evolve. I get thay Tyreeks arrival stunted Waddles upside here, but even so I just didn't really trust him as an elite WR along the lines of Chase, Jefferson, JSN, etc.
I think its clear that Sullivan wants a near total rebuild and expensive players arent really his thing until we develop more of a core. Especially from a WR standpoint, we just have tonsee how Green Bay approached the position with value and bulk as opposed to trying to find a singular talent. Dont expect a first round pick, especially at 11, to be a replacement. I wouldn't be shocked if we trade Achane or Seiler at this point either, though the return I'm not sure would match Waddle.pumpdogs, JJ_79 and Piston Honda like this. -
This is a smart move. When there was that "rumor" that another team awhile back offered a 1st and 3rd for Waddle and they turned it down, I was shocked. He's not a great, dominant type of receiver. He's not irreplaceable and considering we need all the picks we can get to replace the many holes on the team, this seems like a easy decision to me. We really need a bigger, taller type of receiver. Great move. So far, Sully has been doing the right things. He's sticking to his guns. This is the right way to do things. Good stuff.
-
Makes zero sense to keep Achane now. I wouldn't be shocked if he's traded this week also.
-
I disagree, mainly for the points already made. Waddle is a fantastic WR but he's not a true #1 that you're throwing jump balls to and expecting him to outplay much larger defenders.
We can replace Waddle with that first round pick. Will we get the same speedster? Nope. Fast gets slow but big doesn't get small. Our guys are sticking to their philosophies and betting that there's a player or two in the 1st and 3rd round that better fits Malik Willis. Besides, we just signed a smaller speedster to fill that Waddle role. Is he on the same level? Nope, but again, we're focused on priorities and the Temu Waddle works just fine.
I don't love this...I hate losing a stud player of that caliber. But at the same time I do feel like it's the best possible move for the team as a whole.
About your comment on Achane, he's the absolute full package for a 2-down back and he's likely the best in the league at this time. If someone offers to overpay, then sure....we'll get the Temu Achane and a few other backs in the draft. But he's still on his first contract (meaning, he's cheap) and I think it would take a king's haul for him to walk from Miami. -
In addition to draft compensation, the Dolphins have gained some salary cap relief by trading receiver Jaylen Waddle to the Broncos.
Denver will absorb and pay all of Waddle’s contract for 2026 and beyond, a source with knowledge of the situation confirmed to PFT.
Waddle was set to count $11.6 million against the cap for Miami in 2026 with a $1.215 million base salary and $16.631 million in guarantees.
Waddle is under contract through 2028. He is owed $15.203 million guaranteed in 2027 but has no guaranteed money in 2028.
The Broncos can re-work Waddle’s deal or sign him to an extension to reduce his cap number and keep him with the team going forward.
Waddle, 27, caught 64 passes for 910 yards with six touchdowns for the Dolphins in 2025. He has 373 receptions for 4,039 yards with 26 TDs since Miami selected him at No. 6 overall in 2021.KeyFin likes this. -