The Miami Dolphins have agreed to terms with wide receiver Jaylen Waddle on a three-year, $84.75-million extension that includes $76 million guaranteed, sources told ESPN's Adam Schefter.

Waddle has posted 1,014 receiving yards or more in each of his first three NFL seasons. The 25-year-old tallied that mark in 2023 on 72 receptions despite playing in just 14 games. He also scored four touchdowns.

Waddle's best season came in 2022 when he totaled 1,356 yards and eight touchdowns on 75 catches. He led the league with 18.1 yards per reception that season.

The extension's $28.25-million average annual value ranks fourth among all wide receivers, while the guarantees are third at the position, according to Over the Cap.

Miami joins the Chicago Bears, Houston Texans, Philadelphia Eagles, and Tampa Bay Buccaneers as the only franchises with a pair of receivers each earning over $20 million per year. Teammate Tyreek Hill earns an average of $30 million per season on his current deal.

The Alabama product has racked up 251 receptions, 3,385 yards, and 18 touchdowns since being selected sixth overall in the 2021 draft.