The 2026 NFL Draft is here, and the Miami Dolphins have a bunch of extra picks from trades. With that in mind, we’ll be taking a look at what some of those trades look like now with the added context of the picks actually happening.

This time, we’ll be looking at one of the biggest trades of 2026 so far: Jaylen Waddle from the Miami Dolphins to the Denver Broncos.

Broncos receive: Wide receiver Jaylen Waddle, 2026 fourth-round pick (No. 111)

Dolphins receive: 2026 first-round pick (No. 30),  third-round pick (No. 94) and fourth-round pick (No. 130)

With the 30th pick in the first round of the 2026 NFL Draft, the Dolphins selected TBD. We will update.

We will update during the third and fourth rounds for picks 94 and 130.

When the Broncos use the 111th pick in the fourth round, we will update.

Waddle logged 64 catches for 910 yards and six touchdowns for Miami in 2025. He was a standout on a 7-10 team that benched starting quarterback Tua Tagovailoa in December and lost star wide receiver Tyreek Hill to a season-ending injury in Week 4.

Waddle averaged 56.9 yards per game and a respectable 14.2 yards per reception in 2025. Despite playing in a struggling offense, his blazing speed made him an every-level threat.

A first-round draft pick in 2021, Waddle opened his career with three-straight 1,000-yard seasons. However, his production took a hit over the last two years as Miami sank to back-to-back losing records. Still, Waddle has been one of the most consistent NFL receivers of the last five years with 5,039 receiving yards and 26 receiving touchdowns over that span.

Just 27 years old, Waddle is signed to a three-year, $84.75 million deal through 2028.