Broncos Restructure Jaylen Waddle's Contract, Gain Cap Space

0:00On March 24th, the Denver Broncos made a bold move by trading a 2026 first-round pick, a third-rounder, and a fourth-round pick to the world. Miami Dolphins for White receiver Jalen Waddle, along with a 2026 fourth-round pick in return. They inherited a three-year contract worth about $69 million, with $40 million guaranteed, but acted fast to restructure it before. The March 20th deadline, by converting a $15 million option bonus into a signing bonus and adding two void years, the team created $12.3 million dollars in cap space for this year. That drops Waddle's 2026 cap hit to just under $5 million, while his base salary stays at $1.2 million in total cash. Remains unchanged. Now with more room to build around their new star receiver, the Broncos can focus on strengthening the roster without salary cap headaches looming right away.