PFT Live with Mike Florio PFT PM: Jaylen Waddle to the Broncos; new NFL economics
Mar 17, 2026
A fast breakdown of the Jaylen Waddle trade to Denver and what Miami got in return. A look at roster turnover, contract math, and how Waddle fits with Sean Payton and Bo Nix. Questions about broadcaster consulting roles and potential conflicts of interest. A deep dive into shifting NFL economics, Packers’ fundraising limits, and a proposal to add an 18th game while limiting player appearances.
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Waddle Trade Came After New Regime Reassessment
- Mike Florio describes the Dolphins trading Jaylen Waddle to the Broncos for a package that includes Denver's first-round pick one month after Waddle reacted to a parody tweet.
- Florio frames the move as a clean break by a new Miami regime (GM John Eric Sullivan and coach Mike McDaniel/Jeff Halfley alignment) seeking roster change and value return.
Contract Reality Shapes Denver's Risk And Leverage
- Florio outlines Waddle's contract context: a four-year extension worth $28.5M APY leaves Denver with a $17.2M 2026 cash obligation and potential future renegotiation leverage.
- He contrasts Waddle's recent drop in production (744 yards in 2024, 910 in 2025) with his earlier seasons alongside Tyreek Hill to explain Denver's calculus.
Broadcasting Roles Create Growing Conflicts Of Interest
- Florio compares Troy Aikman's consulting role with the Dolphins to Tom Brady's broadcasting/ownership conflict, calling both clear conflicts of interest normalized by the league.
- He warns that Aikman's paid consultancy while broadcasting creates the same guardrail questions Brady raised about team access and competitive advantage.