The Broncos’ first outside addition of the new league year is certainly a notable one. Jaylen Waddle is heading to Denver.

The Dolphins have worked out a trade to send Waddle to the Broncos, as first reported by Tom Pelissero and Ian Rapoport of NFL Network. Multiple picks in the 2026 draft will be exchanged as part of the deal, as detailed by ESPN’s Adam Schefter.

Here is the full breakdown of the trade terms:

Broncos acquire

  • Waddle
  • Miami’s fourth-round pick (No. 111)

Dolphins acquire

  • Denver’s first-round pick (No. 30)
  • Broncos’ own third- and fourth-rounders (Nos. 94 and 130)

More to come…



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