Trending Now - Broncos Acquire Star WR Jaylen Waddle in Major Trade With Dolphins

WHO:

Malik Willis, quarterback, signed a 3-year, $67.5 million deal with the Miami Dolphins.

Jeff Hafley, head coach of the Dolphins.

Malik Willis, quarterback, signed a 3-year, $67.5 million deal with the Miami Dolphins.

Denver Broncos

Miami Dolphins

Jaylen Waddle, wide receiver

Malik Willis, quarterback

Jon-Eric Sullivan, general manager of the Dolphins

Jeff Halfley, head coach of the Dolphins

WHAT:

The Dolphins will receive the 30th overall pick in the 2026 NFL Draft along with picks in the third and fourth rounds from the Broncos.

Waddle has averaged 81 receptions, 1,098 yards receiving, and six touchdowns over his five-year career.

Waddle had a career-high 104 catches as a rookie.

The Broncos will receive a fourth-round pick in return from the Dolphins as part of the trade.

Waddle has three years left on an extension he signed in 2024, with $32.2 million in guarantees over the next two seasons.

Waddle had a career-best 1,356 yards and eight touchdowns in the 2022 NFL season.

The Denver Broncos acquired Jaylen Waddle and a fourth-round pick from the Miami Dolphins.

The Broncos traded their first-round pick (No. 30 overall), a third-round pick, and a fourth-round pick to the Dolphins.

Waddle caught 64 passes for 910 yards and six touchdowns in the 2025 NFL season.

Waddle has a career total of 373 receptions for 5,039 yards and 26 touchdowns.

Waddle is owed $68.6 million over the next three seasons.

WHERE:

Hard Rock Stadium, Miami Gardens, Florida

WHEN:

The Broncos pursued Waddle before the trade deadline in the 2025 NFL season and resumed talks at the NFL Combine in February 2026.

The trade was reported on March 17th, 2026.

Waddle was drafted by the Dolphins with the sixth overall pick in the 2021 NFL Draft.

Waddle played in 16 games during the 2025 NFL season.

The Dolphins now have two first-round picks and 11 total picks in the 2026 NFL Draft.

WHY:

The Dolphins are undergoing a roster overhaul, having previously released five-time All-Pro wideout Tyreek Hill and quarterback Tua Tagovailoa, and fired coach Mike McDaniel after a 7-10 season.

The Dolphins are looking to get younger and stockpile draft picks as part of their roster makeover.

The Dolphins are undergoing a roster makeover under new general manager Jon-Eric Sullivan and head coach Jeff Halfley.

The Dolphins released quarterback Tua Tagovailoa and star wide receiver Tyreek Hill prior to the trade.

HOW:

The Broncos were the only team not to sign a free agent outside of retaining their own players before making the deal for Waddle.

The Broncos had not added an external free agent during the offseason prior to acquiring Waddle.

The trade involved the exchange of multiple draft picks between the Broncos and Dolphins.

(UPDATED March 17, 2026 23:11 UTC)

In a significant move for the Miami Dolphins, quarterback Malik Willis has signed a three-year deal worth $67.5 million, as the team looks to rebuild after a disappointing season. Along with Willis, the Dolphins will receive the 30th overall pick in the upcoming NFL Draft, plus additional picks from the Broncos, who have been quiet in free agency. This roster overhaul comes on the heels of the Dolphins releasing five-time All-Pro wideout Tyreek Hill and quarterback Tua Tagovailoa, while also parting ways with coach Mike McDaniel after a 7-10 finish last season.

--

(UPDATED March 17, 2026 21:12 UTC)

In a significant move, Malik Willis, the quarterback, has signed a three-year deal worth $67.5 million with the Miami Dolphins. As part of this trade, the Dolphins will send a fourth-round pick to the Broncos, who had previously pursued wide receiver Jaylen Waddle before the trade deadline last season and resumed discussions at the NFL Combine last month. Waddle, who had a standout season in 2022 with 1,356 yards and eight touchdowns, still has three years remaining on his extension with $32.2 million guaranteed over the next two seasons, as the Dolphins aim to rejuvenate their roster and accumulate draft picks.

--

(UPDATED March 17, 2026 17:27 UTC)

In a significant move today, the Denver Broncos acquired wide receiver Jaylen Waddle and a fourth-round pick from the Miami Dolphins, sending their first-round pick, a third-round pick, and another fourth-round pick in return. Waddle, who caught 64 passes for 910 yards and six touchdowns last season, is owed $68.6 million over the next three years, and this trade comes as the Dolphins, under new general manager Jon-Eric Sullivan and head coach Jeff Halfley, continue to reshape their roster after releasing quarterback Tua Tagovailoa and star wide receiver Tyreek Hill. The Dolphins now hold two first-round picks and a total of 11 picks for the upcoming 2026 NFL Draft.