Exclusive: Dolphins Announce $10 Million Deal with NFL Star Jaylen Waddle!

EAST RUTHERFORD, NEW JERSEY - DECEMBER 07: Jaylen Waddle #17 of the Miami Dolphins celebrates with teammates after scoring a touchdown during the NFL 2025 game against the New York Jets at MetLife Stadium on December 07, 2025 in East Rutherford, New Jersey. "" (Photo by Kenneth Richmond/Getty Images) | Getty Images The Denver Broncos were one game — and perhaps a Bo Nix ankle injury — away from Super Bowl LX. But after a quiet start in free agency, the Broncos are making a big move to try and secure a spot in Super Bowl LXI.

According to multiple reports, the Broncos are acquiring Miami Dolphins wide receiver Jaylen Waddle in a trade. Here are the terms of the deal, as set forth by ESPN NFL insider Adam Schefter: Broncos are trading for Miami WR Jaylen Waddle, per source. Denver receives: Waddle and Dolphins’ 4th-round pick (11th in round) in this year’s draft.

Miami receives: Broncos’ 1st round pick (30th overall) along with their late 3rd and 4th round picks (30th in each round) in… — Adam Schefter (@AdamSchefter) March 17, 2026 Other insiders, notably Tom Pelissero of the NFL Network, are reporting that the two sides first talked about a potential deal for Waddle at last season’s trade deadline, but could not come to terms on a framework. But now, as free agency begins to wind down, the two sides have made a deal. So let’s hand out some grades.

Denver Broncos At the outset, let’s talk about Waddle for a moment. Since entering the league, the speedy wide receiver has been a big play waiting to happen for the Dolphins. He gained more than 1,000 yards in each of his first three seasons, while averaging a whopping 18.