Broncos Trade for Jaylen Waddle!

17 Mar 2026 · 21 min · 8 chapters

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In short

Podcast Summary: NFL Daily with Gregg Rosenthal

Episode Title

Broncos Trade for Jaylen Waddle!

Episode Overview In this episode of NFL Daily, hosts Gregg Rosenthal and Ollie Connolly discuss the recent trade of wide receiver Jaylen Waddle from the Miami Dolphins to the Denver Broncos. This surprising move is highlighted as a significant development in the NFL offseason, especially for the Broncos, who narrowly missed the Super Bowl last season.

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Key Topics Discussed

  1. The Trade Analysis
  2. Details of the Trade:
  3. The Broncos receive Jaylen Waddle.
  4. The Dolphins acquire the Broncos' first-round pick (30th overall), a third-round pick, and a fourth-round pick swap.
  5. Waddle's Performance:
  6. Waddle's durability and explosive playmaking capabilities are emphasized.
  7. He had a standout season in 2022, leading the league in yards per catch.
  1. Compensation Discussion
  2. Value of the Trade:
  3. Ollie Connolly expresses concerns about the compensation being a slight overpay considering Waddle's position and potential.
  4. The hosts debate the opportunity cost of trading away a first-round pick versus acquiring a proven player like Waddle.
  1. Impact on the Broncos
  2. Roster Dynamics:
  3. Waddle's addition is considered a major upgrade, enhancing the Broncos' receiving corps alongside Cortland Sutton.
  4. The Broncos’ offense, under Sean Payton, is expected to utilize Waddle's skill set creatively.
  5. Future Outlook:
  6. The hosts express optimism about the Broncos' chances to leverage Waddle's talents effectively in their offensive scheme.
  1. Dolphins’ Rebuilding Strategy
  2. Rebuilding Phase:
  3. The Dolphins are in a transition period, focusing on accumulating draft capital while reshaping their roster.
  4. Discussion on the strategic implications of trading Waddle while still maintaining their commitment to developing a competitive team.
  1. Long-term Implications
  2. Future Draft Capital:
  3. The Dolphins now have multiple first and second-round picks, positioning them well for the upcoming draft.
  4. The hosts discuss whether this strategy indicates a clear vision for the team's future or a response to recent performance struggles.

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Key Takeaways

  • Broncos' Aggressive Moves: The trade signifies the Broncos' commitment to bolstering their roster and improving their Super Bowl chances.
  • Assessing Value in Trades: The discussion highlights the complexity of evaluating trade value, particularly in the context of team needs and future prospects.
  • Dolphins' Clear Rebuild: The Dolphins' approach reflects a strategic philosophy of self-awareness and rebuilding through drafting, rather than relying on high-priced free agents or retaining star players without a long-term plan.
  • Sean Payton's Vision: Waddle's acquisition aligns with Payton's offensive philosophy, suggesting a shift towards a more dynamic and versatile offensive strategy for the Broncos.

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Conclusion This episode emphasizes the significance of player trades in shaping NFL teams' futures and highlights the ongoing strategic shifts within both the Broncos and Dolphins organizations. The hosts provide insightful analysis and discussion, making it a valuable listen for NFL fans and analysts alike.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

Tap a time to open that second in VO

Broncos Trade Analysis

4:20 to 7:04

Discussion on the impact of Broncos trading for Jalen Waddle.

“I think I think the bird in the hand with Waddle is worth more.”

Compensation Breakdown

7:04 to 9:14

Analyzing the compensation involved in the trade from both teams' perspectives.

“our friend, you know, Handsome Hank, NFL UK Hank, Henry Hodgson.”

Evaluating Waddle's Fit

9:14 to 12:19

Discussion on how Waddle fits into the Broncos' offensive scheme.

“Certainly Tyreek Hill was one of those for him.”

Dolphins' Rebuild Strategy

12:19 to 14:03

Analyzing the Dolphins' strategy following the trade and their future direction.

“let alone just like the quality of the talent on the roster.”

Draft Capital and Team Strategy

14:03 to 15:33

Learn about how draft capital affects team strategies and decisions.

“And maybe they just didn't see Waddle as their prototypical type of receiver.”

Malik Willis and Dolphins' Future

15:34 to 17:27

Discussion on Malik Willis's potential impact on the Dolphins and the quarterback landscape.

“They could have ended up with two high picks and the dolphins could maybe trade a first to some team, uh, that is looking to move up.”

The Myth of Tanking in the NFL

17:28 to 20:15

Exploration of whether tanking exists in the NFL and its implications on rebuilding.

“And I think his run running is going to be a huge part of that with a Chan and how they build that.”

Broncos' Pressure and Closing Thoughts

20:16 to 23:00

Analysis of the Broncos' current situation and anticipation for future moves.

“I do think someone tried to do it and throw away a couple of games to move up in the order slightly.”
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Transcript

Automatic transcript. May contain errors.

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2:21Ollie Connolly:It's a tough sport. It's not for everybody. You got to be a little sick to love this game. And we got some sickos. Welcome to NFL Daily, where Sean Payton has come up with the best way possible to get back on Bo Nix's good side. I'm Greg Rosenthal. I'm here in my garage doing a little breaking news. Oli Connolly is joining me, and Oli told me I woke him up from a nap to let him know that the Denver Broncos have traded for Jalen Waddell. They're doing the thing. Yeah, forget Huberman. Forget any of the bro science people. The thing that wakes you up from a nap the quickest is Sean Payton dropping the manhood on the table and saying we're going for this.

3:00Yes. You were hearing, and by you I mean me and maybe the football-watching populace, that the Broncos were working on something. There was a couple of the local reporters. I thought it was maybe AJ Brown. Then I heard Aqib Tlaib on just Monday being like, just watch. They're going to do something. It's like, how does Aqib Tlaib already know that this trade is going to happen? And they do it. They get Jalen Waddell from the Dolphins, who I believe was not necessarily on the table, but he very much was because I think it's a fair deal. You can tell me what you think in terms of the compensation.

3:33The Dolphins get the Broncos first round pick. So that's the third to last pick of the first round and a third round pick for Jalen Waddell. They also swap fourth. So the Dolphins actually, or the Broncos rather, move up a little bit in the fourth round. It's not that important there. But they get a receiver in his prime who's been pretty durable, despite the idea that he's always playing through injuries. what do you think first of the compensation before we get to the Broncos fit of it all

4:06Ollie Connolly:I think it's probably a slight overpay given where Waddle's at in his career I know you said he's in his prime but you got to think of the opportunity cost of that first round pick and now that extends over five seasons I think if you look at just the Broncos roster in general it's really hard to find any kind of obvious hole you kind of have to hit it out of the park to even improve some of the areas of the roster and so if you're looking at where they were picking the draft the receivers that could be available which I think is what they're looking for as one of these movable offensive pieces maybe play a little in the backfield do creative things with you're looking at could you get into the casey concepcio and stakes late in the first round probably not probably goes a little earlier so just looking at how the draft board's gonna lie and what they could actually use like juice to level up a position i think chasing a veteran made a ton of sense just maybe the additional add-ons there smacks a little bit to me of we so desperately wanted the guy at the trade deadline the old regime wouldn't quite you know commit to it and we're convinced by our offer we're going back in the offseason we're just going to do whatever it takes to get the deal over the line okay i i hear that and i'm not even like a huge waddle guy whatever the consensus is on waddle i'm maybe just right at it or slightly below but this this felt fair to me i guess the question is would you rather pay romeo dobbs a couple million dollars more than he got from the patriots or wandale or rashid shaheed if if you like him more than he got in free agency and save the pick.

5:30I think I think the bird in the hand with Waddle is worth more. It's the 30th pick in the first round. So everyone's going to get caught up on first and third. But it's the third to last pick of the first round. It's the very end right before the comp pick start of the third round. And you kind of know what you're getting with Jalen Waddle. And I like that he's cost controlled. I assume and I guess I shouldn't that they're not giving him a huge extension right off the bat because he is signed for the next two years for what about 48 million dollars combined so to me that's that's a pretty good deal for a very good receiver maybe not a true number one but immediately to me the most explosive and dynamic

6:10Ollie Connolly:receiver that the broncos have the most explosive in the way sean payton does things anyway you're still kind of just slotted into a position it doesn't kind of orient around one number one guy one number two guy and i think if you just think of it that way of who's number two in the progression at certain times he's i think about as good as you can find anywhere on the market i'm much higher on him than it sounds like you are i think he is a more all-around player than just being wheels and juice and i think they can get really creative with him in a way that might make daniel for all his creativity that kind of tilted around hr and some other guys rather than it did necessarily jalen water's skill set in terms of moving him around the formation so sean payton finally went and got one of these guys he's been begging for one of these players he feels like three seasons now finally they delivered yeah that's why i i'm all for this trade for both sides.

6:53I think it makes sense for both sides. I think it's riskier from the Dolphin side, and we'll get to that. But yeah, Waddle's 27 years old, had a conversation just on text with our friend, you know, Handsome Hank, NFL UK Hank, Henry Hodgson. And I agreed with him. Like, Waddle occupies this space somewhere between a number one, quote unquote, and a number two receiver. Like he is dynamic. I think he's, I love his movement, you know, just to get open his releases. Like he's a very, very good receiver. Is he like a true top 20 receiver? Probably not. If you go through the list, there's just so many good receivers in the league that he falls somewhere beneath that.

7:36So he occupies this middle territory and I think he improves their team a lot. And I just don't know, like, like he, that's why the compensation I'm struggling to like land on, like that feels about right for me. And the money feels about right for me. And it just feels like the right time to go after a player like that. Cause you're not going to find that guy in the draft. I mean, maybe you could, but the odds are even with their number 11 overall pick, I believe they have the odds are, you're not going to find someone as good as Jalen Waddle. He was a top 10 pick who I think has lived up to his billing.

8:12I don't think he's been way better than you would expect or way worse. He's he's what you want. But if you look at the average guys who are taken in the top 10, like he's pretty much right there. The problem is I always compare him to Devante Smith and I just love Devante Smith. And they got kind of compared as in between one and two. And to me, no, Devante Smith is just a superior player. But Waddle is still very, very good. And it's just that you you know what you're getting. Like we've seen the concept at the NFL level.

8:37Ollie Connolly:I think they're a little closer than you're giving credit for. I think Waddle has a chance to be special in a new environment. The offensive line he's played behind, the offensive architecture of the ball has to be out in two seconds flat, hasn't always played into some of the down the field skill set stuff you're talking about. And I agree with you on those A1 superstars have this kind of gravity that tilts the defense in a way where everyone else can feast. And then even when they're doubled up, they just maul people. Those like the best guys, AJ Brown, Justin Jefferson, Jamar Chase. He's not in that bracket, but that's just not what Sean Payton does anyway.

9:06Ollie Connolly:he lines guys up where they're going to line up no matter what and so it's just if he is playing inside a whole bunch and it's all these deep break to grass uh style of routes which it's going to be i just think he's going to be open the entire time there's going to be better pass protection he's going to have more opportunities to make plays in the ball down the field they'll be able to do all the kind of the whirring cool creative stuff behind the backfield so i think the production is going to be probably off the scale yeah his his yards per catch led the league in 2022, you mentioned, you know, receivers with gravity.

9:36Certainly Tyreek Hill was one of those for him. And that was his biggest season, just box score wise gets over 1300 yards. But the fact that he's had a lesser total the last couple of years is more of the function of his environment. I tweeted out, like, I thought this was a fair deal. And some Dolphins fans like, yeah, for the, the 10 games that Waddles, you know, on the field this year. And I went and looked, I was like, hasn't he been extremely durable? I know he has little injuries during games and he's like on the injury report. He's missed six games in five years. So I don't know. I don't know what you want with Jalen.

10:09What do you, how do you think he fits in with Cortland Sutton? They kind of go into the season as co-number ones for what it's worth. I think Waddle will be a higher volume player. And I just like their receiver group much more now that Troy Franklin, Marvin Mims and Pat and Bryant are three, four, five, because that's a fun three, four, five, but I just like it better that they're all those three guys specifically are kind of knocked down a peg doing their roles in that Sean Payton offense yeah I agree with you if you don't have

10:37Ollie Connolly:one of the 1a guys I think you just got to get contrasting offsetting skill sets so you got the big body guy type and call and something go make plays on the sideline for you got the splash play creator there in Waddle then they've kind of got in Franklin some more reliable and Bryant someone who could maybe year three year four have this kind of breakout kind of high weight speed treat Will he ever tap into being a professional receiver? But not having to rely on that guy going into December and January, I think, was essential for them coming out. And I'm just happy because going into the offseason, they were the real key team for me.

11:08Ollie Connolly:And they just kind of sat and waited out. And you knew they were waiting on something. I thought it could have been HM. I thought HM was more available than Waddle was. But it's clear based on what they tried to do at the deadline, then coming back to it that they'd keep on Waddle all the way through. Yeah, we talked about that. We gave out our grades for the Broncos and we, we kind of hinted at like, it feels like they're, they're going to do more. So premature grade. I now like their off season a lot more when they basically stood pat. I think they wanted to upgrade it running back. That didn't happen for them.

11:37Who knows if they look at that position in the draft and they could upgrade a tight end too, but they still have an Evan Ingram there. And I guess they move forward. You, you kind of mentioned, okay, Devin H and maybe he wasn't available. I didn't think Waddle was necessarily available. and they were only going to do it for the right price, which makes sense. And maybe that could have come during the draft and it ends up coming right now. What do you think it means for this Dolphins rebuild?

12:08Ollie Connolly:I think I do like when teams are self-aware and those guys have gone in there and looked under the hood, watched the film of their own players and say, this thing is not even close. Just kind of visually to what we want a team to look like, let alone just like the quality of the talent on the roster. so I admire them just self-reporting and saying we're stripping this thing down and committing to it all the way it's a little bit puzzling to do the Willis deal and then kind of shave everything else off around it particularly the receiver spot if you were able to get a good pick for A-chan with free agency looming though he's an exciting blurry player is he truly a temple building block for the next five six years probably not with Waddle I think he could maybe have that kind of career for you so that part's a little bit puzzling to me that they will commit to Willis with this really smart contract that if he turns into a superstar, we've hit it out of the park.

12:54Ollie Connolly:If not, we go back into the draft. Timeline is pretty clean to strip the rest of it down. A little bit puzzling when they've done what they're dealing with Malik Willis. But I do like that they kind of have a pretty clear identity of who they are. When you look at some of the other rebuilds going on around the league and teams kind of lying to themselves and convincing themselves about who they could be, the Dolphins have just kind of accepted where they're at in the pecking order. Waddle's a tough one because he's only 27 years old now. You're hoping to be in the playoffs, if you're a new coach in GM by year three, so that's 2029, he still would be young enough at that point at receiver, certainly to be a dynamic player.

13:30And I do think it's harder ultimately to find plus plus starters like Waddle than it is to find the draft picks. But I think ultimately they got a fair price for him. And let's look at what they have in the draft. Now they have two firsts, they have the 11th pick and the 30th pick. They have a second. And then And here's where it really gets wild. After adding this third, they now have four of them because they got one for Jalen Phillips. They got one just in a draft day trade with the Texans last year. And now they get the Broncos pick in addition to their own. So that's a ton of draft capital.

14:06You now have so many thirds that you figured they'll probably end up swapping one of those out at some point to get a second or package things to get another first next year too because they're a team that can afford to be patient. And maybe they just didn't see Waddle as their prototypical type of receiver. And John Eric Sullivan, the new GM, he's all about the draft, the draft, the draft. And I mean, they are loading up in draft picks. And like, they're going to be able to have their vision this year. And we'll see what kind of players that they want to get.

14:36Ollie Connolly:And it's interesting because every team league is desperate to get those 27 draft picks and try and get out of the 26 draft picks. Why teams just say, hey, here's a one to three. We're good. let's get the player in now we'll be interesting to see if they just decide we're going to use all those picks we got to get a young roster we got to be ready to compete in year three or if like you said will they bundle some together will they try and get themselves extra stuff early in 27 will they take that 30th overall pick and try and auction it for ty simpson late in the first round a team coming back into the first round will they just dangle that thing out to try and get something better in 27 because those thirds are where the meat of the draft is if you're looking for quality edge defenders, which is probably where he's going to be looking.

15:14Ollie Connolly:That's where the real value is in the draft class is having all those thirds. Yeah. I love that idea is either trading back this year or dangling it for a 2027 first where you're just betting against the team, kind of like the Browns did, you know, in the last year's draft against the Jaguars, it didn't work out, but it was, it was just like a lottery ticket worth taking that man. They could have ended up with two high picks and the dolphins could maybe trade a first to some team, uh, that is looking to move up. And, and that would make sense to me in terms of Malik Willis. It does hurt me how high the difficulty mode is up on, uh, my guy here.

15:52Cause you know, number one, overall free agent, I'm, I'm rooting for him. I'm glad he's going to be making the dolphins more entertaining. I believe that'll be the case right now. His receivers are two, two out. Well, Jalen Tolbert and Malik Washington. Those are his top three. I mean, that's pretty rough. I don't know what my question is here. I don't believe it. But the timeline though, it doesn't make me rethink the will of signing because it was always a two year deal. And I just think I QB shots are always worth taking. If there's a 10 % chance he's a franchise quarterback, it's worth taking.

16:25And if for some reason they draft Archie Manning with the first overall pick next year, it's fine. Having Malik Willis there with him as the backup making 22 million. Like, I don't think that's a problem.

16:34Ollie Connolly:no i don't think that's a problem for the dolphins for malik willis it's a bit of a shame that you can't walk into an environment they strip out the most favorable thing to that you're walking into that environment for i don't think it's kind of the offensive uh mind of the coach i don't think it's necessarily even the offensive line there's some real good young talent there i think throwing to jaylen wad was probably one of the things that would get you over the line there um and it does force them into probably having to use one of these extra picks on a receiver if it's that 30th one maybe it's more in the second round whereas before they could have just said let's just build through the trenches all the stuff they've signaled they want to do so now you're kind of subbing out whether it's a second round pick that will be compared to the production and impact Waddle could have had they've kind of made it where I think they're going to have to go early that position just because the the backup talent isn't on the level to have a fair evaluation of whether you've hit that 10 % mark or not you can't say we want to find out this guy could be a stud in two seasons but we're going to rip everything apart around him to not be able to have a fair evaluation.

17:31And I think his run running is going to be a huge part of that with a Chan and how they build that. I mean, I'm sure Bobby Slokes got this covered. That is the one little lie in this process. Ointment is they have an offensive coordinator who basically flamed out in Houston and in a defense first head coach. So we'll see. We'll see if that works out. Do you think tanking like are they tanking? Do you think tanking exists in the NFL?

17:55Ollie Connolly:I think it does exist in the NFL. I do think teams uh because of how quick the turnover is now teams are smart to the fact that it's i don't even think it's the best path in the nfl i think teams are recognizing that the the dolphins of the team who did this most publicly and privately i guess they got hammered for some of the tanking um and what it meant with brian flores and it yielded absolutely nothing they were just as bad as they've been every year before i mean it yielded a quarterback that they're paying 90 million dollars on the cap over the next two years that's what it to not be on the team that's what it yielded it's it's just i just don't believe it's the way to do things people disagree with me i understand it's access to quarterback is the number one thing every team is looking for in the nfl and if you get up there early in the first round you have the cleanest shot at access to a quarterback it's just not the nba where you have a surefire thing where victor when banyama comes out in the draft you got to throw your soul away to try and get get the guy just doesn't work that way we see teams all the time build from the middle or sustain from picking the 20s year after year after year i think teams miss so often there's so many moving pieces you just want to go and find good players and hold on to them for as long as possible then assemble as many as you can in one go yeah there's so many moving pieces part is is such a huge angle to it because you know i'm i i got some pushback on that i don't really think tanking is a thing of course the players and the coaches who are there are trying but also there's just so many factors and it's brought up well what about when you know they sat max crosby at the end of the year or they did i was like yeah first of all he had a horrible knee condition that needed surgery and if that's your best example.

19:25And there have been some like sitting Derek Carr. It's like, yeah, that's the last two or three games of the season. And you're taking out one player, which is still, even if it's a quarterback like Derek Carr or Russell Wilson a couple of years ago, it's reducing your chance to win that week by what, five, 10 % you probably were going to lose anyways. You could still win the game. And you're already so deep into the season. It is not like planning your whole structure of a season around the tank like NBA teams do or starting to sit guys like that, like midway through the season. It just doesn't work that way.

19:56And I think they do know that. I think obviously the coaches are going to do it, but they are kind of pressing pause and knowing that it's not all about this year too.

20:05Ollie Connolly:Yeah, I do think that teams will, the final few weeks of the season, make those calculations and do it that way. I just don't think it's a good way of going about team building is more my argument. I think tanking is an incorrect approach to the team building. I do think someone tried to do it and throw away a couple of games to move up in the order slightly. It's so late. But if you look at the teams who've done it recently, find me the great example of a team who's rebounded into being a perennial contender, having thrown a season away late. And it's usually the bad teams who stay bad. They have losing cultures, they accept losing and they stay bad.

20:33Ollie Connolly:And that might be the old crotch D rah-rah coaching me. I think losing can be a disease and these teams stink and they accept losing. And those 76ers who started the whole shebang over in the NBA at peak level, developed the culture of losing and couldn't get out of it and had their style play just like asking out of seasons because you got used to being allowed to sit during games. I think that's a chronic problem. So if you throw seasons away i think it's a complete nightmare i understand the team late in in the season the final week of the season saying let's just kind of mess with the draft order here and move up two spots if we can why not right and if you look at how how the quarterbacks the best ones been obtained lately anyways the the bears straight traded for a year ahead you know that the panthers traded up for bryce young obviously that didn't didn't work the commanders were not hoping to get that jayden Daniels pick.

21:19Bell Belichick was fighting tooth and nail to not collapse. And it eventually allowed them to Drake, you know, get Drake May. So we'll see what happens with the Dolphins. I do think, though, that they've made the right decisions overall. Like it all makes sense to me. So if you're a Dolphins fan out there, I get being optimistic. This is the easier part, but not every team does it to have a clear eyed view of where your team is at and also take the pain of this year. They have$108 million in dead cap this year. That's somehow second in the league. The Saints are first. The Broncos are, no, the Browns are up there with 80.

21:56I was going to say, I couldn't believe the Broncos would have been there. No, it is push time for the Broncos. They need to make a big move. I'm excited. Ollie, you're going to be back with us. Big week for Ollie. You joined us on St. Patrick's Day. I don't know if you noticed, but I have a leprechaun, which I'm, you know, I don't know if this is racist or what the word is that I bought at the airport for my son on the way back from Dublin. It is in the background of our YouTube show here today.

22:21Ollie Connolly:As a proud Irishman, I allow you to, I was going to say like fly your leprechaun flag as high as you want. Were you sleeping off a couple, you know, early beers or something before? No, that's the pre-gaming getting ready for what could wind up being a long night. Oh, okay. I'm feeling bad that I'm making you work, but I'm glad we could fit this one in. Ollie will be back with me later this week to do our NFC free agency. Great. But the Broncos are doing the damn thing and they're making my guy Malik Willis' life a little harder. We will see you later in the week. Appreciate y 'all.

23:06I'm Daniel Jeremiah. And I am Greg Rosenthal.

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From the publisher

The team that went silent for Free Agency Frenzy awoke from its slumber with an offseason-defining trade for Miami Dolphins star wide receiver Jaylen Waddle. The Denver Broncos, who fell one win short of a Super Bowl appearance last season, will add a dynamic offensive playmaker to their already star-studded roster. Gregg Rosenthal and Ollie Connolly join forces for instant analysis of one of the biggest moves this NFL offseason!

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