Jaylen Waddle contract details: Yearly breakdown of Dolphins WR's deal

Mike Moraitis

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Jaylen Waddle contract details: Yearly breakdown of Dolphins WR's deal image

The Miami Dolphins and wide receiver Jaylen Waddle reportedly agreed to a contract extension on Thursday that makes him one of the highest-paid players at his position in the NFL in terms of annual average — and now we have the yearly breakdown of the deal.

According to reports, Waddle is getting a three-year extension worth $84.75 million that includes a total of $76 million guaranteed. According to Spotrac, via Pro Football Talk, the extension includes $39.5 million guaranteed at signing.

Waddle still has two years left on his rookie contract, and this extension does impact that a bit. His 2024 cap hit will see a slight bump up by $1.28 million. Here's a look at the yearly cap hits for Waddle over the next five seasons:

2024: $9 million

2025: $19.9 million

2026: $21 million

2027: $27.7 million

2028: $31.1 million

Here's even more details from Pro Football Talk that cover signing bonus, base salaries, and more:

  1. Signing bonus: $18.873 million.
  2. 2024 base salary: $1.055 million, fully guaranteed.
  3. 2025 base salary: $16.050 million, fully guaranteed.
  4. 2025 workout bonus: $100,000.
  5. 2026 base salary: $16.631 million, guaranteed for injury at signing and fully guaranteed in March 2025.
  6. 2026 workout bonus: $100,000.
  7. 2026 per-game roster bonus: $510,000 total.
  8. 2027 base salary: $23.39 million, guaranteed for injury at signing. Of that amount, $15.2 million becomes fully guaranteed in March 2026. The remainder becomes fully guaranteed in March 2027.
  9. 2027 workout bonus: $100,000.
  10. 2027 per-game roster bonus: $510,000 total.
  11. 2028 offseason roster bonus: $1 million.
  12. 2028 base salary: $25.764 million.
  13. 2028 workout bonus: $100,000.
  14. 2028 per-game roster bonus: $510,000 total.

The annual average of the extension is $28.25 million, putting Waddle in fourth in that department among wide receivers, per Over the Cap.

However, with so many other wide receivers set for extensions in the near future, he won't last long in that spot.

Mike Moraitis

Mike Moraitis Photo

After cutting his teeth with Bleacher Report, Mike Moraitis has covered the Los Angeles Rams and Tennessee Titans for FanSided, and the Titans and New York Giants for USA TODAY Sports Media Group. On top of his duties with Sporting News, Mike is the managing editor and lead writer for Titans Wire.