Jaylen Waddle

Denver acquired Jaylen Waddle and a 2026 fourth-round pick from Miami for a first-round pick, a third-round pick, and a fourth-round pick, giving Sean Payton’s offense a proven wide receiver at a premium price. This is a major modern roster bet, not a neutral pick shuffle. Denver paid first-round-level capital for a known explosive receiver while also receiving a fourth-rounder back. The Broncos grade is cautiously positive because Waddle fit an immediate offensive need and arrived with prime years left, but the price keeps the deal from grading higher until the on-field return is known. Miami’s grade is strong because it converted a veteran wideout into premium draft flexibility.