Waddle agreed to terms Tuesday on a restructured contract with the Broncos that converts $15.4 million of his 2026 option bonus into a signing bonus, Aaron Wilson of KPRC 2 Houston reports.

EDGE Analysis

Waddle's restructure opens up significant cap space for Denver. The Broncos acquired Waddle from Miami on March 17, and the 27-year-old wideout's explosiveness and athleticism should make him a dangerous 1-2 downfield punch alongside Courtland Sutton for quarterback Bo Nix in 2026. Head coach Sean Payton has praised Waddle's "grit" and "high, high [competitiveness]," as Andrew Mason of 104.3 The Fan reports.