Denver Broncos

Jaylen Waddle

WR

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.

Tycen Anderson

S

The fifth-round pick of the Bengals in 2022 has seen a grand total of 64 defensive snaps in his NFL career, though he has become a consistent special-teams player, seeing over 300 snaps in that role in each of the last two seasons. Anderson should compete for a depth safety and special-teams role in Denver, too.

Courtland Sutton

WR

In 17 regular-season games in 2025, Sutton parlayed his team-leading 124 targets into a 74-1,017-7 receiving line, with Troy Franklin next in line in terms of targets with 104. The addition of Waddle -- a 2021 first-rounder -- gives Denver a dynamic playmaker to pair with Sutton, providing the team with a strong 1-2 punch at wideout, supplemented by Franklin, Pat Bryant and Marvin Mims, with Lil'Jordan Humphrey along with Michael Bandy rounding out the current WR depth chart. As the 2026 campaign approaches, Sutton isn't necessarily the Broncos' clear-cut top option at the position, a standing that Waddle has the upside to claim should he mesh well with franchise QB Bo Nix.

Ja'Quan McMillian

CB

It represents a significant raise for McMillian, who made $1.03 million in 2025. The 25-year-old cornerback joined the Broncos as an undrafted free agent in 2022 and has carved out a prominent role in Denver's secondary. He appeared in all 17 regular-season games last season, making three starts, and recorded 56 tackles (40 solo), including a career-high 4.0 sacks, nine pass breakups, including two interceptions, and a pair of forced fumbles. He's the team's No. 1 slot corner.

Bo Nix

QB

Penner said in January that he had "zero concern" about Nix's recovery from a bone break in his right ankle, and the team owner echoed those comments Monday. "He's attacked his recovery in the same way that he attacks preparing for games and has just done a terrific job," Penner said of Nix. "He's ahead of schedule. No concerns at all for OTAs and go forward from there." Denver coach Sean Payton stated in February that he expects Broncos OTAs to start June 1, and Nix is trending toward being ready to participate by that date.