Dolphins to acquire TE Darren Waller from Giants

Waller is coming out of retirement to head to Miami. New York still held his rights, requiring this swap to take place. The former Pro Bowler only intended to resume his playing career if he could do so with the Dolphins, Pelissero adds. That will indeed be the case. ESPN’s Adam Schefter reports Miami will receive Waller and a conditional 2027 seventh-round pick in exchange for a sixth-rounder in 2026.

Acquired via trade from the Raiders, Waller faced high expectations upon arrival with the Giants. The former sixth-rounder wound up only playing one season in New York, however. Retirement was brought up on more than one occasion, and last June Waller officially decided to hang up his cleats. That move – which came in the wake of a frightening health episode in November 2023 – created cap savings for the Giants but the team did not deal away his rights at any point. Two years remained on Waller’s contract at the time of his retirement, but Pelissero notes he will ink a restructured pact heavy on incentives as part of this trade.

Providing details on that point, Schefter adds this will be a one-year deal worth up to $5MM via incentives. Waller will now aim to provide his new team with a veteran pass-catching option in the wake of Jonnu Smith being dealt to the Steelers yesterday. The Dolphins were in the market for a tight end as a result, but this move is certainly not the one many would have expected.

In addition to health issues, Waller cited a waning passion for the game when addressing his decision to retire. That is of course commonplace for many around the league when they elect to hang up their cleats, but it seemed to confirm Waller would not be eyeing a return. With one exception clearly being made in the case of the Dolphins, however, he is now set to play a ninth NFL campaign.

Miami’s depth chart at the TE spot consisted of veteran Pharaoh Brown along with Julian Hill, Hayden Ricci and Jalin Conyers. Each member of the latter trio entered the league as an undrafted free agent. Expectations will be limited in their cases as a result, but it will be interesting to see how this Waller experiment unfolds in 2025.