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The Denver Broncos restructured wide receiver Jaylen Waddle's contract on Tuesday to convert $15.416 million of an option bonus into a signing bonus for salary cap purposes, according to Aaron Wilson of KPRC 2 Sports. Waddle's new salary is at $1.215 million. The move frees up $7.961 million in cap space for this season. The Broncos might not be done yet after making a big move recently to acquire Waddle from the Dolphins in exchange for three draft picks, including their first-rounder next month. The 27-year-old former sixth overall pick by Miami in the 2021 draft out of Alabama immediately is a boost to Denver's passing attack, and he could lead the team in targets and production in 2026 as one of quarterback Bo Nix's favorite targets over the short and middle areas of the field. Waddle produced 1,000-yard seasons in his first three years in the NFL and could get back to that mark if he stays healthy in his first year in Denver.--Keith Hernandez
Source: KPRC 2 Sports - Aaron Wilson
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