Why don't Broncos have first-round pick in 2026 NFL Draft?

The Denver Broncos got Bo Nix a speed threat in the form of Jaylen Waddle, but it came at a premium price. Denver will not be selecting in the first round of the 2026 NFL Draft after sending their pick to the Miami Dolphins in the Jaylen Waddle trade. The Broncos gave up a whole lot more for a player they hope can be a trusted WR1.

Here's the full details: Denver received: WR Jaylen Waddle, 2026 fourth-round pick (No. 111) Miami received: 2026 first-round pick (No. 30), 2026 third-round pick (No.

94), 2026 fourth-round pick (No. 130) Waddle, a former first-round pick, opened his career with three consecutive 1,000-yard seasons but has underwhelmed the last two campaigns. Waddle's decline coincided with Tua Tagovailoa's, so it's hard to accurately assign blame.

But the point is Waddle didn't get the job done. Tyreek Hill playing substantially better than Waddle when the two shared the field didn't help the perception. Still, there's reason for Denver fans to hope.