Who won the Jaylen Waddle trade? Grades for Broncos, Dolphins in WR deal

The Broncos and Dolphins swung one of the NFL offseason's more surprising trades with Jaylen Waddle heading to Denver. But who won the deal?

The Denver Broncos' muted offseason just got considerably louder.

On Tuesday, the team agreed to a trade with the Miami Dolphins to acquire wide receiver Jaylen Waddle, according to multiple reports. The Broncos will receive Waddle and the Dolphins' fourth-round pick this year, while Miami will get the No. 30 overall selection in April as well as Denver's third- and fourth-round picks this year.

The deal sends both franchises further down their divergent paths. For the Broncos, Waddle arrives as a much-needed speedy complement to Courtland Sutton and a target capable of opening things up in Sean Payton's offense. The Dolphins, meanwhile, continue to embrace a widespread reset in the first year of general manager Jon-Eric Sullivan and coach Jeff Hafley's regime.

But who won the deal? Here are grades for both teams:

Through Monday, the Broncos had made zero external additions in the first week of free agency. By Tuesday, it became clear that the organization wasn't merely resigned to running it back with the group that reached the AFC championship game last season.