Jaylen Waddle has become the latest star wide receiver to receive a big new contract this offseason, as the Miami Dolphins standout has agreed to a three-year, $84.75 million extension according to multiple reports.
NFL.com reported Thursday that Waddle will receive a minimum of $76 million on his new deal, which begins in 2026 and will run through the 2028 season. That amount is the third-largest sum of guaranteed money to a wide receiver in league history, trailing only Philadelphia Eagles star A.J. Brown's $84 million and Detroit Lions playmaker Amon-Ra St. Brown's $77 million.
The $28.25 average annual value of Waddle's extension is the fourth-highest among wide receivers behind Brown ($32 million), St. Brown and Dolphins teammate Tyreek Hill (both $30 million).
Both Brown and St. Brown signed their extensions this offseason as well. Three other receivers, Philadephia's DeVonta Smith ($75 million), Nico Collins of the Houston Texans ($72.75 million) and Michael Pittman Jr. of the Indianapolis Colts ($70 million), recently agreed to new three-year deals.
Taken by Miami with the sixth overall pick in the 2021 draft, Waddle is one of only five players in NFL history to begin his career with three consecutive seasons with at least 70 catches and 1,000 receiving yards. That list includes another current Dolphins player in Odell Beckham Jr., who did so with the New York Giants from 2014-16, as well as Michael Thomas (four straight from 2016-19), Justin Jefferson (2020-22) and Ja'Marr Chase (2021-23).
Waddle set an NFL rookie record with 104 receptions in 2021, a mark that was surpassed this past season by the Los Angeles' Rams Puka Nacua (105). In 47 career regular-season games, the 25-year-old has compiled 251 catches for 3,385 yards and 18 touchdowns.
The former University of Alabama star was a key part of a Miami offence that led the NFL with 4,514 net passing yards in 2023, with Waddle contributing 1,014 yards and four touchdowns on 72 receptions in 14 games.
Waddle has two seasons remaining on his rookie contract after the Dolphins exercised his fifth-year option in April.