In 2025, the Joker was the defining character of the Broncos’ offseason. This spring, it’s the Penguin.
After months bandying about the term joker to describe his team’s need for a matchup-threat pass-catcher, Sean Payton sat with the media at the NFL owners’ meetings in Palm Beach, Florida, last year and confirmed Denver had gotten its guy. The Evan Engram signing was the Broncos’ chips-in move, and Payton told reporters that the Broncos had successfully convinced the tight end to sign in part because of that vision of his role: a chaos agent that could be shifted at will to take advantage of opposing defenses.
“Having had players like him,” Payton said then in Florida, “I’m excited.”
Engram’s potential supervillainy for opposing defenses, however, never quite reached its full potential. A year later, the Broncos have swung on another piece who can be a ceiling-raiser for Payton’s offense: receiver Jaylen Waddle, whose arrival has evidently excited Denver’s head coach so much that . After Engram played just 42% of Denver’s snaps last year, though, Payton will face months of questions on how he plans to utilize the speedy Waddle. Particularly considering the Broncos’ haul to trade for him and a fourth-rounder (sending their 2026 first-round and third-round pick to Miami).
That process will begin on Monday in Phoenix at this year’s league meetings, where the Broncos’ brass will gather for their most extensive media availability since the end-of-year press conferences in late January. General manager George Paton, owner Greg Penner and president Damani Leech are all slated to speak to reporters Monday, while Payton will talk at a coaches’ roundtable Tuesday morning.
It’ll be a chance to gather broad insights into how Denver’s decision-makers view the decisions that have shaped their offseason, as well as a host of key topics that’ll shape 2026 training camp and beyond. Here are 10 questions that bear answering in Arizona this coming week.
How do the Broncos plan to get the most out of Waddle?
Denver, again, does not have a first-round pick in 2026. The Waddle trade, by simple math, is contingent on the fact that he can provide more value across the next few seasons than a theoretical draftee at pick No. 30 could provide. That’s significant. Particularly since Payton organizations haven’t traded for a wide receiver since Bethel Johnson in 2006.
Waddle played 60% of his snaps from the slot as a rookie in 2021 for the Dolphins, but saw his usage there hover around 25% for the last four seasons under Mike McDaniel. It’ll be fascinating to see if Payton views Waddle more as an inside or outside threat, and how he can open defenses up for Courtland Sutton and the rest of Denver’s current WR corps.
So, uh, what did ‘opportunistically aggressive’ mean to you guys?
This Penner term, said in his postseason presser, . It was ridiculed as the Broncos sat pretty in free agency and signed back most of the pieces of their 2025 corps to short-term deals. It was then praised as the Broncos swung the blockbuster Waddle deal.
Denver’s free-agency approach, though, was interesting by all accounts — set strict market caps at running back and tight end, test the waters on a variety of pieces but never actually make an offer, and let John Franklin-Myers walk for a likely fourth-round compensation pick in 2027. Were the Broncos trying to preserve cap space in the years before an eventual Bo Nix extension? Is that fourth-round pick really that valuable? Was Payton really so focused on that he declined to gather any free-agency intel (mostly kidding)?
“Free agency was tough,” Payton told Kay Adams in that video.
Hmm.
Where does the timeline stand for the new stadium at Burnham Yard?
The Colorado Department of Transportation has officially set a price on the Burnham Yard sale to the Broncos — $45.8 million, a deal scheduled to be finalized May 15. The Broncos’ public messaging, however, is adamant that the area remains a “preferred site,” as the franchise has a variety of factors to iron out that are quietly making the planned 2031 stadium opening a bit tricky.
The Broncos are still working through negotiations with public utility Denver Water, which is eyeing Lot M of the current Empower Field site for part of its facility relocation — a move that could bring some city-planning issues. Broncos officials are also still working through negotiations with SRM Concrete, which owns a concrete plant and several pieces of land smack-dab in the middle of the proposed Burnham stadium area that total an appraised property value . And negotiations with the La Alma Lincoln Park neighborhood on a community-benefits agreement have yet to begin.
How’s Bo Nix?
Duh. Any news about Nix’s ankle rehab has been quiet since the Broncos quarterback took to the media to quell concerns about a preexisting ankle issue following some strange post-season messaging from Payton.
The only Nix update since then has come in early March, when he and wife Izzy announced the birth of their first child (and Izzy also took a picture of Nix walking out of the hospital without a boot). In the grand scheme of things, much more important than Nix’s ankle. But Nix also made clear that he’d be back for OTAs in May, an important step in his rehab. It’ll be important for the Broncos’ brass to note if he’s still on track there.
How do Payton and Paton view their needs now, after free agency?
This encompasses several key sub-questions. Are the Broncos comfortable with running back their J.K. Dobbins-RJ Harvey-Tyler Badie-Jaleel McLaughlin quadrant at running back? (Probably not, if pre-draft activity is any indication). Are they looking to move on from Engram, or trying to unlock him at tight end under new play-caller Davis Webb? Are they set with Alex Singleton and Justin Strnad as their starting ILB duo for 2026, and why did they cut Dre Greenlaw? Do they want to replace Franklin-Myers through the draft, the external market, or internal development?
Make no mistake, as healthy top-to-bottom as Denver is, there are still a few notable holes on this roster. This week should provide some strong hints at how the Broncos see their roster now.
