Waddle caught 104 passes as a rookie and had 1,356 yards in Year 2, seemingly taking the conventional path to stardom after being drafted sixth overall in 2021. It hasn't worked out that way, with Tyreek Hill emerging as the runaway No. 1 option for a Miami offense that was briefly elite but declined in a hurry. Waddle now gets a third act to his career, joining forces with Sean Payton and Bo Nix in a Denver offense that has solid WR depth (Courtland Sutton, Pat Bryant, Marvin Mims, Troy Franklin) but no one dominant force. Payton presumably thinks Waddle can be that guy, given that Denver gave up the 30th overall pick (and more) to acquire the 27-year-old wideout. There were some positive signs last season, with Waddle quietly ranking 13th among WRs in yards per route run (2.34) while topping 9.0 YPT for a fourth straight year. His 25.2 percent target rate marked a huge improvement on his 18.3 percent mark the year before, though it didn't add up to much in fantasy, with Waddle averaging a mere 24.3 routes per game. He'll get a lot more than that in 2026, but he's again working with a QB who often struggles to get the ball downfield and settles for shorter passes.