This marks Denver's first major external addition of the offseason and signals a full-scale rebuild in Miami. It's the kind of move that forces dynasty managers to quickly reassess player values across both rosters.

Let's break it down.

Buy: RB RJ Harvey, DEN

RJ Harvey quietly had one of the more intriguing rookie seasons, finishing fourth on the Broncos in targets with 63. That kind of receiving usage is extremely valuable, especially in PPR formats.

While Waddle's arrival could siphon some targets, it may actually benefit Harvey more than it hurts him.

Denver made no meaningful additions to the backfield, opting only to re-sign J.K. Dobbins and Jaleel McLaughlin. That signals confidence in Harvey as the lead option heading into the season.

I love the addition of Waddle for Harvey. Waddle's presence should open up the offense. Defenses will now have to account for him alongside Courtland Sutton, which creates softer coverage underneath. That's where Harvey thrives as a pass-catcher.

He finished as RB20 last season despite just 146 carries. With room for increased rushing volume and a stable receiving role, Harvey has a clear path to outperform his current cost.

The addition of Waddle also drops the price of Harvey. Right now, he's valued around an early 2nd, occasionally creeping into the late 1st. That's a price worth paying for a young back with three-down upside in an improving offense.

Sell: QB Malik Willis, MIA

Malik Willis was already a difficult evaluation as a low-volume passer who relies heavily on rushing production. Losing Waddle only makes things worse.

Miami's current receiving corps lacks a true difference-maker, which raises serious concerns about the offense's overall efficiency. Even if there are a few intriguing depth pieces (see below), this unit projects as one of the weakest in the league.

The bigger picture is even more concerning. This move strongly suggests a full rebuild. The Dolphins now hold multiple premium draft picks including selections at 11 and 30, and seven in the top-100, giving them plenty of ammunition to reshape the roster.

That makes Willis far from a secure long-term starter. There's a real possibility Miami drafts a quarterback early or give Quinn Ewers a chance, as I mentioned when they signed Willis a few weeks ago.

If you recently acquired Willis, you're likely stuck holding for now. His market has already cooled significantly. A late 2nd would be a strong return at this point, but the more realistic offers may fall in the late-3rd range.

Deep Stash: WR Jalen Tolbert, MIA

Someone has to catch passes in Miami, and Jalon Tolbert is a name worth stashing.

No, the expectation shouldn't be that he replaces Waddle's production. But volume alone could make him relevant, especially in deeper leagues.

Tolbert showed flashes during his time in Dallas. In 2024, he posted eight games with double-digit fantasy points despite just 79 targets, finishing as WR45. That level of efficiency in a limited role is encouraging.

Now in Miami, he has a clearer path to snaps and targets. Even if the Dolphins add a receiver early in the draft, there's still room for Tolbert to carve out a meaningful role.

At 27 years old, he offers short-term usability with minimal acquisition cost. In most leagues, he's available on waivers.

He's the type of player who can give you flex-worthy weeks in a pinch -- and if he emerges as a primary option in this offense, there's potential for more.