Broncos officially announce blockbuster trade with Dolphins
It's official! The Broncos announced the finalized Jaylen Waddle trade on Wednesday.
It's official: Jaylen Waddle is a Bronco. After passing his physical on Wednesday, Waddle's trade from the Miami Dolphins to the Denver Broncos was confirmed by the team. Denver agreed to trade picks in the first (No.
30), third (No. 94) and fourth (No. 130) rounds to Miami in exchange for Waddle and a fourth-round pick (No.
111). The Broncos no longer hold a first-round pick in this year's NFL draft, but they still hold seven picks overall . Denver will inherit the remaining three years on Waddle's contract , including a team-friendly salary cap hit of $4.
9 million in 2026. The Broncos still have cap space available , so more moves could be on the way. Waddle, who totaled 64 receptions for 910 yards and six touchdowns last season, joins an extremely crowded wide receiver depth chart in Denver.