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The Denver Broncos are making big moves to improve their receiver room for the 2026 NFL season.
The Broncos are acquiring Jaylen Waddle from the Miami Dolphins, according to multiple reports. In exchange for the veteran receiver, Miami will receive a package of draft assets, including Denver’s 2026 first-round pick.
Waddle spent the first five seasons of his NFL career with the Dolphins after being selected in the first round of the 2021 NFL Draft. The Alabama native began his career with three consecutive 1,000-yard seasons and paired with Tyreek Hill for four seasons to form one of the fastest wide receiver duos in the NFL.
Waddle appeared in 16 games during the 2025 NFL season. The 27-year-old caught 64 passes for a team-high 910 receiving yards and six touchdowns while catching passes from Tua Tagovailoa and Quinn Ewers.
Now, Waddle will likely be just as productive while catching passes from Bo Nix and providing a much-needed speed supplement opposite Courtland Sutton.
Here’s what you need to know about the Waddle trade between the Dolphins and Broncos.
Jaylen Waddle trade details
Broncos get:
- WR Jaylen Waddle
- 2026 4th round pick
dolphin got:
- 2026 first round pick
- 2026 3rd round pick
- 2026 4th round pick
Waddle hasn’t recorded a 1,000-yard season since 2023, but the 27-year-old speedster has averaged more than 1,000 yards a season over the past five years of his career.
Waddle has never made a Pro Bowl, but he led the NFL in average yards per reception (18.1 yards) during the 2022 season. Below are details of Waddle’s career statistics.
- game:78
- target:544
- reception:373
- acceptance yard: 5,039
- Receiving TD:26
- Yards per reception:13.5
- carry:14
- rush yards:81
- Rush TD:1
Waddle was rated by Pro Football Focus as the 10th best receiver for the 2025 NFL season, posting a passer rating of 85 when targeted.
Waddle is in the first season of a three-year, $84.75 million extension he signed with the Dolphins during the 2024 NFL offseason. Below are the full terms of his contract.
- semester:3 years
- Total value: $84.75 million
- Annual average value (AAV): 28.25 million dollars
- Security deposit: $76 million
According to Spotrac.com, the Broncos will pay Waddle just over $68.6 million in cash over the remaining three years of his contract. He has a cap hit of just $4.9 million in 2026, but trading him would give the Dolphins a dead cap hit of $23.2 million, costing the team just under $11.6 million in cap space.
Waddle will likely be used immediately as Denver’s No. 2 receiver across from Sutton, and his size and physicality should be a good match for the smaller, faster Waddle.
Below is a look at the expected pecking order within Denver’s receiver room.
- Cortland Sutton
- Jaylen Waddle
- troy franklin
- pat bryant
- Marvin Mims Jr.
- Lil Jordan Humphrey
- michael bundley
Miami’s wide receiver room is in flux after the team traded Waddle and cut both Hill and Nick Westbrook-Iquine during the 2026 NFL offseason. Below is the current status of the receiving room.
- Malik Washington
- jalen tolbert
- tutu atwell
- Terrace Marshall Jr.
- theo weese jr.
- Taj Washington
- AJ Hennig
Malik Washington was the only player to suit up for more than 50% of the team’s offensive snaps last season.
The Dolphins plan to add to their receiver room during the 2026 NFL Draft. They currently have 11 picks in April’s draft, including two first-round picks. Here’s a complete list of Miami’s top picks:
- Round 1, Pick 11
- Round 1, Pick 30
- Round 2, pick 43
- Round 3, pick 75
- Round 3, pick 87
- Round 3, pick 90
- Round 3, pick 94
- Round 4, pick 130
- Round 5, pick 151
- Round 7, pick 227
- Round 7, pick 238
(This story will be updated as more information becomes available. )
